EasyJet Share Price Jumps 10% After £5.5B Takeover Agreement with Castlelake

EasyJet's share price surged on Monday after the British low-cost airline agreed to a £5.5 billion takeover proposal from US private equity firm Castlelake. The stock rose more than 10% in early London trading as investors welcomed the improved offer, which values the airline at approximately $6.90 per share. Castlelake has until August 3 to submit a firm offer or withdraw from the acquisition process.
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