Two bidders are better than one. But easyJet’s exit is depressing for the London market | Nils Pratley
Once again a mispriced share price created opening for US raiders to rush in US private equity firm Apollo enters easyJet bidding war Will any remaining bidders for easyJet please make their way to the boarding gate? In reality, we’ve probably seen the whole cast at this point because the arrival of US private equity firm Apollo , trumping Castlelake’s offer, is a surprise. But the outbreak of a competitive auction will come as a relief to easyJet’s board. For all the fake drama of Castlelake’s five offers , it was an act of timidity on the part of the easyJet chair, Sir Stephen Hester, to sur
Read the full story at Business | The Guardian →EUROS aggregates the world's financial press. The full article lives with the newsroom that reported it.
