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Castlelake Secures Extension for easyJet Takeover Talks

MT Newswires·08/03/2026 03:04:18
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03:04 AM EDT, 08/03/2026 (MT Newswires) -- EasyJet (EZJ.L) secured British regulatory approval to extend Castlelake's put up or shut up deadline to Friday from Monday. The budget airline said Monday the approved request to the UK Panel on Takeovers and Mergers aligns with the deadline granted to Apollo Global Management's Apollo Management X. The airline has recommended Apollo's offer of 7.15 pounds sterling per share and withdrew its support for Castlelake's proposal of 6.90 pounds per share. By the new deadline, the suitors have to make a firm offer for the company or walk away.