Loading…
EasyJet has rejected a fourth takeover offer worth £4.9bn (€5.72bn) from US investment firm Castlelake, while agreeing to open its books to facilitate a potential higher bid. Source: The Guardian Source: El Confidencial
The British budget carrier's board unanimously turned down Castlelake's proposal of 650p per share, calling it a "substantial" undervaluation and flagging "significant questions of deliverability" over the consortium's ownership structure. Source: The Guardian Castlelake's bid is backed by Brookfield Asset Management alongside two Irish aviation executives, Peter Bellew and Mark Breen. Under the proposed terms, Castlelake and co-investors would hold 49%, with EU nationals Bellew and Breen owning 51% to comply with EU ownership rules for operating licenses. Source: The Guardian Source: El Confidencial
Despite the rejection, EasyJet granted Castlelake access to limited commercial information, raising hopes of a sweetened offer. Source: The Guardian The airline's share price jumped 7% on the London Stock Exchange, reflecting investor optimism that a deal could still materialise. Source: El Confidencial Castlelake has until 5pm on 5 July to improve its offer or walk away under UK takeover rules. Source: The Guardian Source: El Confidencial
“The British budget carrier unanimously rejected the latest proposal, of 650p a share, saying it still “substantially” undervalued the company while flagging “significant questions of deliverability”.”
“La empresa ha explicado que la propuesta, que aún no constituye una oferta firme, plantea la adquisición de la totalidad de las acciones de easyJet a un precio de 6,50 libras (7,54 euros) por título.”
“The airline said: “The board believes that giving Castlelake access to limited commercial information, as Castlelake sought in the letter which contained the fourth proposal, might produce a more attractive proposal that better reflects the value of easyJet and its prospects and the interests of shareholders thereto.””
“Castlelake has until 5pm on 5 July to improve its offer or walk away.”
“La aerolínea 'despega' un 7% en la bolsa inglesa.”
“Under the previously proposed terms, the bidding vehicle would be owned 49% by Castlelake and co-investors including Brookfield. The remaining 51% would be owned by Bellew and Breen, both EU nationals.”
“EasyJet ha defendido que se encuentra en una posición de fortaleza, con una sólida situación de caja, y ha reiterado su objetivo de alcanzar un beneficio antes de impuestos superior a 1.000 millones de libras (1.160 millones de euros) a medio plazo.”