UPDATE 1-Castlelake goes public with $6.26 billion bid for budget carrier Easyjet

ProShares Ultra MSCI Japan

ProShares Ultra MSCI Japan

EZJ

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Rewrites throughout, adds details

- U.S. investment firm Castlelake went public on Monday with a £4.74 billion ($6.26 billion) for Easyjet EZJ.L after the budget carrier rejected three separate takeover proposals.

The third proposal valued Easyjet at 625 pence per share, a 24% premium to its closing price on Friday.

Castlelake said it intends to offer a partial equity alternative to allow Easyjet shareholders to remain invested in the company as a privately held business in partnership with Castlelake.

($1 = 0.7572 pounds)