Easyjet suitor Castlelake takes takeover offer public after three bids rejected

Impact · against what's priced in

EZJ faces immediate volatility and upward pressure as Castlelake bypasses the board to offer shareholders 625p per share, a significant premium over historical recent trades. CORD's positive NAV and revenue growth, alongside its FTSE 250 inclusion, provide fundamental support for its valuation.

EZJ+0.60

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In context

A public offer of 625p per share represents a 59% premium to May 28 levels and exceeds all analyst targets since April, creating a catalyst for price discovery ahead of the June 26 deadline.

Read from the article alone

• m and a▲27%
• CORD
• EZJ
• airlines
• aviation
• hostile bid
• private equity
• takeover

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