What Happened
Low-Cost Carrier Faces Potential Acquisition Amid Share Price Volatility
easyJet has acknowledged a possible takeover bid by US investor Castlelake, describing the move as ‘highly opportunistic’ given the current volatility in its share price. The low-cost carrier’s board has not received a formal proposal from Castlelake, but has stated its commitment to maximizing shareholder value. easyJet remains confident in its strategy and ability to deliver long-term value, with a focus on executing its medium-term target of £1 billion profit before tax. The development was first reported by AeroTime.