BRIEF-easyJet Says Apollo Proposes £7.15 Per Easyjet Share In Possible Cash Offer

Apollo Global Management Inc
ProShares Ultra MSCI Japan

Apollo Global Management Inc

APO

0.00

ProShares Ultra MSCI Japan

EZJ

0.00

July 10 (Reuters) - Easyjet PLC EZJ.L:

  • STATEMENT REGARDING POSSIBLE OFFER FOR EASYJET PLC

  • APOLLO PROPOSES £7.15 PER EASYJET SHARE IN POSSIBLE CASH OFFER

  • CO AND APOLLO REACH AGREEMENT IN PRINCIPLE ON POSSIBLE CASH OFFER

  • PROPOSED CASH OFFER VALUES EASYJET AT ABOUT £5.7 BILLION

  • PROPOSED CASH OFFER EXPECTED TO BE FULLY FUNDED BY EQUITY AND DEBT FACILITIES

  • BOARD MINDED TO RECOMMEND PROPOSED CASH OFFER, SUBJECT TO FINAL TERMS

  • CO AND APOLLO REACH AGREEMENT IN PRINCIPLE ON POSSIBLE CASH OFFER


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