EasyJet Reaches Agreement In Principle On Castlelake's £6.90 Per Share Possible Offer

EasyJet Reaches Agreement In Principle On Castlelake's £6.90 Per Share Possible Offer centers on a takeover bid framework that would value the airline at £6.90 per easyJet share in cash. EasyJet said its board and Castlelake have agreed in principle on key terms for a possible recommended offer to buy all of the carrier’s issued and to-be-issued ordinary shares not already held by Castlelake, including a partial unlisted share alternative. The proposal was submitted to easyJet on July 4, 2026, and is Castlelake’s fifth offer. Under UK takeover rules, the announcement is not a firm intention to bid, and it is subject to due diligence and definitive transaction documentation. The deadline has been extended by the UK Takeover Panel, giving Castlelake until 5 p.m. on August 3, 2026. Evercore and Goldman Sachs are among the advisers involved.