EasyJet shares jump 10% after
Photo: Salvatore Di Nolfi AP/TT

EasyJet shares jump 10% after Castlelake sweetens takeover offer

Easyjet's shares are up 10 percent on the London Stock Exchange after the company reached an agreement in principle with American bidder Castlelake.

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Investment firm Castlelake is offering Easyjet's owners £6.90 per share in what is its fifth bid for the company. This would value the company at £5.2 billion (approximately SEK 67 billion).

Castlelake's first bid for Easyjet was made at the end of May. At that time, the bid was £5.60 per share.

Easyjet is one of Europe's largest airlines, with a fleet of 356 aircraft.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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