EasyJet is an obvious takeover target, but US approach may not be a flyer

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the worksEasyJet says US takeover bid would be ‘highly opportunistic’A share price gain of only 10% on a possible takeover approach is a meek reaction. If the stock market truly believed that Castlelake, a US investment fund, stood a decent chance of buying easyJet, you would expect the target’s stock to fly significantly higher. Scepticism is the right stance un...