What Happened
UK Airline Seeks Higher Takeover Offer From US Investor
EasyJet has rejected a fourth takeover bid from US investment firm Castlelake, but will allow the company to access its financial books in the hope of securing a higher offer. The UK-based low-cost carrier’s board deemed Castlelake’s latest proposal insufficient, prompting the decision to open its books. The move is seen as a strategic attempt to attract a more substantial bid, either from Castlelake or other potential suitors. This development was reported by Aviation Week.