Castlelake given more time to match Apollo's EasyJet bid
UKPulse Consumer Desk
US suitor Castlelake has been granted an extension to match a rival £5.7 billion offer from Apollo for EasyJet.
- EasyJet continues to recommend investors accept Apollo's £5.7 billion offer.
- Castlelake has until 5pm on Friday to submit an improved bid.
US suitor Castlelake has been given additional time to submit an improved bid for EasyJet, aiming to match a £5.7 billion offer from rival Apollo. EasyJet has stated it still recommends that investors accept Apollo's current offer.
Castlelake now has until 5pm on Friday to present a revised proposal.