Castlelake’s 59% Premium 625p Bid for easyJet Enlists Ex-Ryanair COO
Castlelake’s public 625p-per-share takeover offer for easyJet represents a 59% premium to pre-bid levels and follows earlier proposals of 560p and 600p being rejected. A former Ryanair COO is helping to satisfy European airline ownership rules, and FTSE 100 futures indicate a 10-point opening gain.
1. Castlelake’s 625p-per-Share Offer for easyJet
Castlelake has publicly proposed a 625p-per-share takeover bid for easyJet, representing a 59% premium to its share price before bid disclosure. This follows earlier bids of 560p and 600p being turned down by the airline’s board.
2. Ex-Ryanair COO Involved to Meet Ownership Rules
To comply with European airline ownership regulations, Castlelake is working with a former Ryanair chief operating officer. This collaboration aims to satisfy local ownership thresholds and strengthen the bid’s regulatory viability.
3. Ocado Refutes CEO Succession Speculation
Ocado Group issued a statement denying reports that founder and CEO Tim Steiner will step down soon, emphasizing ongoing succession planning and engagement with potential candidates.
4. FTSE 100 Futures Signal Modest Gains
FTSE 100 futures pointed to an opening gain of approximately 10 points, reflecting a cautiously optimistic start to trading after last week’s 36-point drop.
