EasyJet Shares Jump As Apollo Launches Higher $7.7 Billion Takeover Bid. Rival Offer From Castlelake Loses Board Support.

Source: International Business Times

The London-listed carrier said Apollo's proposed all-cash offer values the company at $7. 66 billion, representing a roughly 22% premium to Thursday's closing price. AFP EasyJet shares surged Friday after the British budget airline said it is considering a higher takeover proposal from Apollo Global Management valued at about $7.