EasyJet has rejected a third takeover offer from US private equity firm Castlelake, which valued the airline at 625p per share, a 59% premium over the recent share price. Castlelake's previous bids at 560p and 600p were also turned down by EasyJet's board. In response, Castlelake has made its latest non-binding offer public to encourage shareholder consideration ahead of a takeover deadline on June 26. The bidder plans to offer shareholders a partial equity option to retain some ownership if the deal proceeds, with a structure designed to meet European airline ownership rules through partnerships with aviation executives. Castlelake must announce a firm intention to bid or withdraw by June 26, with no guarantee a formal offer will be made.
National Beverage faces stagnant growth as LaCroix volumes have declined for four straight years, reducing brand excitement. The stock trades at reasonable multiples reflecting muted growth and no clear catalysts for upside. Despite stable gross marg...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
A bitcoin wallet that had been inactive since 2017 moved its entire holding of 5,908 BTC, now worth about $383 million, to a new, unidentified address. The coins were originally bought near bitcoin's 2017 peak at around $16,000 each and have gained r...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
The US will impose a 25% tariff on most imports from Brazil starting July 22, following a yearlong investigation into alleged unfair trade practices by Brazil. The tariffs target issues such as Brazil's demands on US tech firms to remove political co...
