EasyJet suggests it will agree to £5.5bn takeover by US investment firm
by Jasper Jolly from World news | The Guardian on (#76S8Z)
Agreement in principle with Castlelake follows several rejected offers and means UK's biggest low-cost carrier will be taken private
The airline easyJet has said it intends to accept a 5.5bn takeover offer by the US investment firm Castlelake that would take Britain's biggest low-cost carrier private.
The companies announced an agreement in principle on Sunday evening in a statement, and requested an extension to a deadline to complete the deal formally. The agreement came after weeks of negotiations and several rejected offers.
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