EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid

EasyJet's stock soared nearly 10% following its agreement to a £5.5 billion takeover by US private equity firm Castlelake at £6.90 per share, marking the fifth attempt at a deal. This move indicates a trend where UK firms are being acquired at relatively low valuations. The board's acceptance of the bid after four previous rejections suggests that investors are increasingly willing to accept higher offers despite initial skepticism, reflecting broader market dynamics in corporate acquisitions.