NewsHK
Private equity's appetite for European aviation is back in the open.
EasyJet shares surged 14% after Apollo Global Management and Castlelake both lodged takeover offers for the British budget carrier, with Apollo's bid valuing the airline at $7.7 billion.
A bidding war takes shape The two firms have moved in parallel, creating a competitive dynamic that is rarely comfortable for a target's board and almost always better for shareholders.
EasyJet is now weighing two separate approaches from established alternative asset managers.
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