EasyJet says Clearlake approach 'highly opportunistic' but will consider offer

Source · https://www.proactiveinvestors.co.uk/companies/news/1093188

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1
Castlelake is considering a possible offer for easyJet, with a minimum required bid price of 403.23 pence per share under UK takeover rules. — A formal takeover bid typically creates a price floor and triggers a premium over current market value.
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EasyJet has not yet been approached by Castlelake and describes the timing of the potential interest as 'highly opportunistic' due to recent share price lows. — The board's dismissive tone and emphasis on 'valuation and deliverability' suggest resistance to a low-ball offer.
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The 'put up or shut up' deadline for Castlelake to make a formal offer is 5pm on 26 June 2026. — Provides a definitive time horizon for investors to expect a resolution or a withdrawal of interest.
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