easyJet confirmed that it has received a third proposed bid of 625p per share from Castlelake, representing a 24% premium to the closing share price on Friday 19 June. This follows two prior proposals of 560p and 600p.
However, the group views the terms as “highly opportunistic” given the disruption from the Middle East conflict, and that it “fundamentally undervalues easyJet” and its medium-term prospects.
As a result, easyJet’s board has unanimously rejected the proposals as it does not believe they are in the best interests of its shareholders.
Castlelake has until the statutory deadline of 5pm on 26 June 2026 to make a firm offer.
The shares rose 3.6% 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.
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