TakeoverBid News & Analysis
2 articles
Market Mood
PayPal (PYPL) Shares Drop 12.7% as $53 Billion Bid Withdrawn
PayPal (PYPL) shares fell 12.7%, closing at $53.66 after the withdrawal of a $60.50 per share bid from a consortium including Stripe and Advent International, marking a decrease of $7.81. The market reacted to the loss of takeover optimism, with trading volume reaching about 36 million shares, over twice the average. Analysts had deemed the initial offer inadequate, suggesting PayPal’s board would not accept less than $70 per share. This withdrawal has intensified scrutiny on CEO Enrique Lores' ability to enhance shareholder value independently, making it crucial for PayPal to address its valuation problem.
Read More: PayPal (PYPL) Shares Drop 12.7% as $53 Billion Bid Withdrawn
EasyJet (EZJL) Stock Jumps 13% on $7.7B Apollo Bid Consideration
EasyJet (EZJL) shares surged 13.2% after the airline announced it is considering a $7.7 billion takeover bid from Apollo Global Management. Under the proposed cash offer, EasyJet shareholders would receive £7.15 ($9.61) per share, valuing the company at approximately £5.7 billion ($7.66 billion). This proposed offer represents a 22% premium over the previous day's closing price of £5.88. EasyJet has faced challenges, including a pre-tax loss of £552 million in the first half of 2026, but the potential acquisition could signal a positive trajectory for future growth.
Read More: EasyJet (EZJL) Stock Jumps 13% on $7.7B Apollo Bid Consideration