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    EasyJet shares surge on £5.5bn buyout proposal

    3 weeks ago

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    EasyJet has reached an agreement in principle for a proposed £5.5 billion takeover by US firm Castlelake, valuing shares at £6.90 each. This marks the fifth proposal from Castlelake, which has until August 3 to make a formal bid. EasyJet's shares rose over 10% following the announcement, reflecting investor optimism amid ongoing challenges in the airline sector.
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