What Happened
EasyJet is currently evaluating a takeover offer from Apollo Global Management, a deal that could see the airline's holiday division acquired. Apollo's bid has reportedly surpassed an earlier offer from a rival private-equity firm, Castlelake (also referred to as Castlerock in one article).
The potential acquisition by Apollo is valued at approximately $7.7 billion. This development has led to a bidding war for easyJet's holiday division, with Apollo's offer being the highest received so far.
The articles suggest that Apollo's bid is a significant move, potentially changing the ownership structure of easyJet's holiday operations. The airline's stock saw a notable increase following the news of the rival takeover bid.
Key Facts
- 1
EasyJet is considering a takeover offer from Apollo Global Management.
- 2
Apollo's bid is reportedly higher than a previous offer from a rival private-equity group.
- 3
The rival private-equity group is identified as Castlelake or Castlerock.
- 4
The takeover bid is for easyJet's holiday division.
- 5
Apollo's offer is valued at approximately $7.7 billion.
- 6
EasyJet's stock price increased by 13% following the news of the takeover bid.
