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    EasyJet Agrees to £5.5 Billion Takeover Proposal

    2 weeks ago

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    EasyJet has reached an agreement in principle for a £5.5 billion takeover led by US investment firm Castlelake, with shares rising over 10%. The offer, valued at £6.90 per share, is Castlelake's fifth proposal. EasyJet aims for over £1 billion in pre-tax profits while expanding its package holidays division. A formal bid is expected by August 3.
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