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Story summary
- EasyJet rejected a £4.74 billion takeover offer from Castlelake at 625 pence per share.
- Castlelake, holding about 2.14 percent of EasyJet, made its third proposal, a 24 percent premium to Friday’s close and a 59 percent premium to the 394.20p price on May 28.
- The Takeover Panel set a “put-up or shut-up” deadline of 5:00 PM on June 26, 2026.
- EasyJet’s share price, down nearly 30 percent in a year, accompanies a first-half pre-tax loss of £540-£560 million.
