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EasyJet agrees to £5bn takeover by US investment firm

Agreement in principle with Castlelake follows several rejected offers and means UK’s biggest low-cost carrier will be taken private EasyJet has agreed a £5bn takeover by US investment firm Castlelake that will see Britain’s biggest low-cost airline taken private.The companies…

This article was originally published by The Guardian World and is republished here under license.

Agreement in principle with Castlelake follows several rejected offers and means UK’s biggest low-cost carrier will be taken private

EasyJet has agreed a £5bn takeover by US investment firm Castlelake that will see Britain’s biggest low-cost airline taken private.

The companies announced an agreement in principle on Sunday evening in a statement to the stock market, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and several rejected offers.

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