easyJet has received a takeover proposal from asset management firm, Apollo. The two parties have reached an agreement in principle on the key terms of a cash offer of £7.15 per share, valuing airline at around £5.7bn.
Apollo has until 7 August to announce a firm intention to make an offer.
easyJet views Apollo’s proposal as superior to prior terms from fellow private investment firm, Castlelake.
The shares rose 13.7% in early trading.
Our view
HL view to follow.
easyJet key facts
All ratios are sourced from LSEG Datastream, based on previous day’s closing values. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn’t be looked at on their own – it’s important to understand the big picture.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.