Rome, 22 June (LaPresse) – EasyJet’s board of directors has rejected a new offer from Castlelake – the third in just a few days – at a price of £6.25 per share. This is stated in a press release explaining that the Board confirms that on Saturday it received from Castlelake an “unsolicited, indicative and conditional proposal aimed at acquiring the entire issued and to-be-issued ordinary share capital of easyJet not already held by Castlelake at a price of £6.25 per share in cash, including a partial alternative option for easyJet shareholders to opt for unlisted, non-transferable and non-voting shares in a special purpose vehicle within the structure proposed by Castlelake. The special purpose vehicle would be 49% owned by Castlelake and 51% by EU citizens and potentially by other investors not yet disclosed”. The first two offers set the price at £5 and £6 per share.
EasyJet: Castlelake’s third bid of £6.25 per share rejected
Rome, 22 June (LaPresse) – EasyJet’s board of directors has rejected a new offer from Castlelake – the third in just a few days – at a price of £6.25 per share. This is stated in a press release explaining that the Board confirms that on Saturday it received from Castlelake an “unsolicited, indicative and conditional proposal aimed at acquiring the entire issued and to-be-issued ordinary share capital of easyJet not already held by Castlelake at a price of £6.25 per share in cash, including a partial alternative option for easyJet shareholders to opt for unlisted, non-transferable and non-voting shares in a special purpose vehicle within the structure proposed by Castlelake. The special purpose vehicle would be 49% owned by Castlelake and 51% by EU citizens and potentially by other investors not yet disclosed”. The first two offers set the price at £5 and £6 per share.
