EasyJet opens talks with Castlelake after rejecting £4.9bn takeo…

In ongoing news, the British budget carrier unanimously rejected the latest proposal of 650p a share. The British budget carrier unanimously rejected the latest proposal of 650p a share./p><p>However, in a statement on Thursday, easyJet suggested a slight thawing in its positions.</p><p>EasyJet bidder is still offering less than a full ticket | Nils PratleyRead moreThe airline said: “The board believes that giving Castlelake access to limited commercial information, as Castlelake sought in the letter which contained the fourth proposal, might produce a more attractive proposal that better reflects the value of easyJet and its prospects and the interests of shareholders thereto.” It added: “The board continues to be concerned about the ownership structure and deliverability of any offer from Castlelake, and the time it will take.” Castlelake has until 5pm on 5 July to improve its offer or walk away. Strategic RationaleKey Strategic DriversMarket positioning and competitive advantagesOperational synergies and integration opportunitiesGeographic expansion and market accessEasyJet bidder is still offering less than a full ticket | Nils PratleyRead moreThe airline said: “The board believes that giving Castlelake access to limited commercial information, as Castlelake sought in the letter which contained the fourth proposal, might produce a more attractive proposal that better reflects the value of easyJet and its prospects and the interests of shareholders thereto.” It added: “The board continues to be concerned about the ownership structure and deliverability of any offer from Castlelake, and the time it will take.” Castlelake has until 5pm on 5 July to improve its offer or walk away. Expert Commentary Looking AheadFor complete details on this development, refer to the original report from Guardian Business. Frequently Asked Questions