easyJet Gives Castlelake Extra Time to Sweeten £6.50 Bid, Brookfield to Retain 51%
BAM•easyJet extended Castlelake’s deadline to July 5 for a revised £6.50 per share approach on its £4.9bn takeover bid, granting limited access to financial data. Brookfield Asset Management stands to hold the remaining 51% stake—valued at roughly £2.5bn at the pending offer price—if the deal closes.
1. Takeover Bid Extension and Data Access
easyJet has extended Castlelake's deadline to July 5 for a final proposal on its hostile £4.9bn takeover bid, granting the US investor limited access to financial and commercial data in hopes of securing a higher offer.
2. Brookfield's Remaining EasyJet Stake
Brookfield Asset Management stands poised to retain the 51% remainder stake if a revised bid is accepted, valuing its equity holding at approximately £2.5bn based on the current £6.50 per share offer.
