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Bidding war erupts for easyJet with Apollo and Castlelake takeover offers.

Market News
10 Jul 2026
CNBC
View Source
Bullish
pluang ai news

EasyJet is facing a bidding war after receiving takeover offers from Apollo Global Management and Castlelake. Apollo proposed a $7.7 billion cash offer valuing easyJet at £7.15 per share, an 81% premium over the pre-offer share price. Shareholders may also opt to roll their shares into Apollo's investment vehicle, retaining voting rights. This follows Castlelake's earlier $7.3 billion bid, causing easyJet shares to surge. The outcome will impact easyJet's ownership and future strategy.

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