Greek-C Cypriot entrepreneur and airline founder
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.
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
EasyJet has agreed in principle to a £5.5 billion takeover by US investor Castlelake, valuing the carrier at £6.90 a share. The board says it would be minded to recommend a firm offer should one be tabled. Deadline for a formal bid is August 3.