EasyJet has turned down a fourth takeover proposal from US private equity firm Castlelake, rejecting an offer valued at £4.9 billion, or 650p per share.
Despite the dismissal, the airline’s board indicated it remains open to further discussions, leaving the possibility of a deal alive if Castlelake raises its price.
74 billion offer, which EasyJet previously characterized as a "highly opportunistic" attempt to acquire the carrier at a discount.
The latest bid represents a modest increase from the previous £4.74 billion offer, which EasyJet previously characterized as a "highly opportunistic" attempt to acquire the carrier at a discount.
The rejection underscores the board’s stance that the current valuation does not adequately reflect the airline’s long-term prospects and shareholder value.
Castlelake has now made four attempts to secure control of the UK-based low-cost carrier, signaling persistent interest in the asset.
However, the incremental nature of the latest bid suggests the private equity firm is testing the board’s resolve rather than making a decisive leap in valuation.