TakeoverBid News & Analysis

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.