EasyJet has reached a preliminary agreement with the American… (млрд · предложение · авиакомпания)
EasyJet has reached a preliminary agreement with the American investment fund Castlelake to sell the airline for £5.5 billion ($7.34 billion). The deal includes a premium of 73% over EasyJet's stock price and requires regulatory approval, after which the company will become private and delist from the London Stock Exchange.
Consensus
- EasyJet has reached a preliminary agreement with Castlelake for the purchase of the airline
- The deal is valued at £5.5 billion ($7.34 billion)
- Castlelake offered £6.9 per share, representing a 73% premium over EasyJet's stock price on May 29
- The transaction requires regulatory approval and will result in EasyJet becoming a private company
- EasyJet's shares rose more than 25% following the announcement
Points of divergence
- Castlelake previously rejected previous offers from EasyJet as attempts to buy it 'too cheaply' — kommersant
- EasyJet had previously rejected Castlelake's proposals, calling them 'extremely opportunistic' and an attempt to acquire the company 'too cheaply' — vedomosti
- The deal includes a £6.9 per share offer which represents a 73% premium over EasyJet’s stock price at the close of trading on May 29 — kommersant
- Castlelake proposed £6.9 per share, resulting in a capitalization of £5.2 billion ($6.9 billion) and £5.5 billion including all securities — vedomosti
- The board of directors will now recommend shareholders to sell their shares — kommersant
- EasyJet's board requested an extension of the negotiation period until July 5 and provided limited access to commercial information — vedomosti
- The deal may not go through, and Castlelake expressed 'great respect' for EasyJet and its employees and is willing to support its development and fleet renewal program — vedomosti
Coverage (2 sources)
- Castlelake agrees to purchase airline EasyJet for $7.34 billion — Коммерсантъ
- EasyJet agrees to Castlelake's purchase proposal — Ведомости