Stelios in the news: easyJet rejects Castlelake bid as “highly opportunistic.” Greek-Cypriot founder behind the low-cost airline empire.
The Guardian, Independent and Scotsman report that Castlelake has flagged a potential takeover of easyJet at no less than 403.23p per share, valuing the airline at about £3.06bn, while easyJet calls the approach highly opportunistic and notes ongoing regulatory and execution challenges.