Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws
EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.


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EasyJet shares tumbled Thursday after Castlelake said it would not be bidding for the U.K. airline.

A bidding war has broken out for budget carrier easy. Jet after Apollo and Castlelake have both submitted takeover offers.

EasyJet shares soared 10% Monday morning after the UK budget airline agreed to a $7.3 billion takeover proposal from US private-equity firm Castlelake, as low-…

EasyJet shares surged in early dealmaking Monday after it agreed in principle to takeover bid from Castlelake.

The new offer at £6.90 a share represents a 73% premium to easy. Jet's closing price on May 29.

Spirit Airlines is in talks with investment firm Castlelake for a potential takeover of the discount airline, which is in bankruptcy, CNBC has learned.

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