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US firm goes public with £4.7bn proposal to buy easyJet after earlier bids rejected

The Guardian World
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Investment company Castlelake made bid public for shareholders to evaluate but carrier describes offer as ‘cheap’

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The US investment firm trying to buy easyJet has gone public with its latest £4.7bn takeover proposal for the budget airline, its third and latest offer to be rejected.

Castlelake said on Monday that an all-cash offer of 625p a share, valuing easyJet at just over £4.7bn, had been rejected by the airline’s board on Sunday, after previous offers at 560p and 600p.
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