EasyJet's Board Agrees on Key Terms of Apollo Takeover Offer

02:41 AM EDT, 07/10/2026 (MT Newswires) -- EasyJet's (EZJ.L) board agreed on the key financial terms of a potential takeover offer by private equity firm Apollo Management X. Apollo is offering 7.15 pounds sterling for each easyJet share, valuing the latter's fully diluted ordinary share capital at 5.7 billion pounds and topping its rival Castlelake's revised 6.90 pound-takeover offer for the British low-cost airline, according to a Friday release. EasyJet's board said it would be minded to recommend the offer if Apollo announces a firm intention to make an offer, subject to agreement on the remaining terms and conditions and definitive transaction documentation. Apollo has until Aug. 7 to announce a firm intention or state that it does not intend to proceed.