EasyJet Declines Castlelake's Multi-Billion Dollar Acquisition Proposal

Budget airline easyJet has turned down a £4.74 billion ($6.26 billion) takeover offer from aviation investor Castlelake. The airline's board characterized the proposal as "opportunistic" and not aligned with shareholder interests. This marks the third rejected bid from Castlelake, which publicly disclosed its offer to exert pressure on easyJet's leadership.