EasyJet (EZJ) agrees to £5.7bn takeover by Apollo
Published on · Source: bbc.co.uk
AI Summary
Summarized by AI from the source belowEasyJet has reached an agreement for a £5.7 billion takeover by US firm Apollo. This deal follows the withdrawal of rival bidder Castlelake. Under the takeover, EasyJet shareholders will receive £7.15 per share. Apollo, which supports EasyJet's existing strategy, plans to ensure that the majority of ownership remains with EU-based shareholders. This move could impact employment, as Apollo intends to keep current staff for at least 12 months post-acquisition.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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