easyJet plc confirms in principle agreement with Castlelake on financial terms of fifth proposal
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Background ✨
easyJet rejected Castlelake’s third proposal of GBP6.25 per share on 20-Jun-2026, after earlier GBP5.60 and GBP6 bids, calling it opportunistic and undervaluing the airline amid a temporarily depressed share price.1 2 The bidder structure was outlined as 49% Castlelake and 51% EU nationals, including former easyJet COO Peter Bellew and former Arajet and flyadeal CEO Mark Breen.1 After rejecting a fourth GBP6.50 offer, easyJet agreed to provide Castlelake limited access to its books and extended the offer deadline to 05-Jul-2026.3