EasyJet has rejected a fourth takeover proposal from US investment firm Castlelake, dismissing an offer of £6.50 per share as insufficient.
The British low-cost carrier's board stated that the bid fails to reflect the company's intrinsic value and long-term strategic potential, marking the latest escalation in a protracted acquisition battle.
This development follows a series of rejected bids from Castlelake, which has previously offered £4.74 billion for the airline.
EasyJet's management has consistently characterized these attempts as opportunistic efforts to acquire the carrier at a discount, rather than genuine valuations of its market position.
The latest £6.50 offer represents a significant increase from prior proposals but remains below the threshold required to sway the board.
The standoff highlights the growing interest in European aviation assets among US private equity firms, even as the sector faces headwinds from fuel volatility and competitive pressure.