EasyJet is an obvious takeover target, but US approach may not be a flyer (opens in new tab)

Castlelake’s move raises questions over valuation and ownership rules as well as whether Stelios Haji-Ioannou could throw a spanner in the worksA 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 First, would the two sides even be vaguely in the same landing zone on valuation? EasyJet’s description of Castlelake’s timing as ” was boilerplate rhetoric (all bi...