Valuation

EasyJet rejects Castlelake's £6.25 per share takeover bid as undervaluing the airline

UK budget carrier tells shareholders to take no action after describing proposal as 'opportunistic'. EasyJet is dismissing investment firm Castlelake's takeover offer as a bid to acquire the airline "on the cheap", after rejecting three approaches. It says the latest of the three offers, for £6.25 per share, is "opportunistic" and not in the interests…