- EasyJet has labelled a potential takeover approach from US investment fund Castlelake as "opportunistic", confirming no talks have taken place.
- Castlelake, which owns roughly a 2.14 per cent stake in easyJet, revealed on Monday any offer would be for "no less than" 403.23p a share, valuing the airline at a minimum of £3.06 billion.
- EasyJet said the timing is “opportunistic” as its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.”
- The Luton-based firm acknowledged its duty to maximise shareholder value and said it would “consider any proposal, should one be made”.
- Under UK takeover rules, Castlelake has until 5pm on 26 June to make a firm offer or walk away.
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