EasyJet opens talks with Castlelake after rejecting £4.9bn takeover bid
AI Summary
EasyJet is now considering a potential deal with Castlelake after previously turning down a £4.9 billion takeover offer. The airline is cautiously opening talks after concerns that sharing commercial details with the US private credit manager could prompt a better proposal. This move underscores the ongoing tension between EasyJet's desire to maintain operational independence and Castlelake's aggressive pursuit of a takeover, highlighting the broader dynamics within the private equity sector.
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