EasyJet Eyes $5.5B Castlelake Bid | Glasgow News

EasyJet could be headed for a major shakeup as U.S. investment firm Castlelake prepares a potential £5.5 billion bid — its fifth attempt — after the airline’s board signals it may recommend the deal to shareholders if finalized. Castlelake has pledged support for easyJet’s growth and regulatory assurances, countering earlier rejections over low offers. This follows a broader trend of British firms being acquired by foreign buyers, including Tate & Lyle and William Hill. With easyJet’s stock languishing amid sector-wide concerns, the deal could offer a much-needed boost — though still a fraction of its former value. Founder Sir Stelios Haji-Ioannou and his family, who still hold a major stake, stand to profit significantly. Castlelake must finalize terms by August 3rd, and all eyes are on whether this takeover actually happens. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85ee48db63a32e88