EasyJet Agrees to Castlelake’s £5.2 Billion Takeover Offer

EasyJet Plc agreed to a takeover offer from Castlelake LP at £6.90 per share in cash, according to a statement released Sunday by both companies. The agreed offer values the airline at £5.2 billion. Castlelake's proposal marks the fifth takeover bid the investment firm has made for EasyJet. The boards of both companies have recommended the offer to shareholders.

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