Castlelake Mulls Options after easyJet's Board Backs Apollo's Takeover Offer

11:24 AM EDT, 07/10/2026 (MT Newswires) -- Alternative investment firm Castlelake said Friday it is considering its options after easyJet's (EZJ.L) board agreed on the key financial terms of a potential takeover offer by private equity firm Apollo. Castlelake offered a revised 6.90 pounds sterling for each share in the low-cost airline, which was later trumped by Apollo's offer of 7.15 pounds apiece, according to a separate release from easyJet on Friday. Despite previously agreeing on the key terms, the easyJet board said it is no longer inclined to recommend Castlelake's proposal. Apollo has until Aug. 7 to announce a firm intention or state that it does not intend to proceed.