US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer
by Mark Sweney from World news | The Guardian on (#76WTD)
Airline's board minded to recommend deal - after accepting rival one from Castlelake earlier this week
The board of easyJet has given the green light to a possible 5.7bn offer from the US private equity firm Apollo, as the low-cost airline becomes the subject of a surprise bidding war.
The company's board said on Friday that it was minded to recommend" the potential all-cash offer, which values the business at 7.15p a share, to shareholders.
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