EasyJet shares surge after Apollo Global Management makes takeover bid

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EasyJet shares surge after Apollo Global Management makes takeover bid
Photo: Jens Kalaene DPA/AP/TT

The offer from Apollo of £7.15 per share comes after the private equity firm Castlelake, also based in the US, made a slightly lower bid of £6.90 per share for EasyJet.

EasyJet's share price was £5.88 when Thursday's trading on the London Stock Exchange ended and, compared with the closing price on May 28 of £3.94 - before Castlelake's first bid for EasyJet was made - Apollo's bid represents a premium of 81 percent.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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