BUZZ-EasyJet hits 3-1/2-yr high after board backs Apollo bid over Castlelake

Apollo Global Management Inc
ProShares Ultra MSCI Japan

Apollo Global Management Inc

APO

0.00

ProShares Ultra MSCI Japan

EZJ

0.00

Updates

** British budget carrier EasyJet's EZJ.L shares soar 14% to 671p

** Stock hits highest since February 2022, top gainer on FTSE midcap index .FTMC, which is up 0.32%

** Co says it has agreed in-principle to a rival £5.7 billion ($7.65 billion), or £7.15 per-share, takeover proposal from Apollo Global APO.N

** EZJ board says it will no longer intends to recommend Castlelake's £5.5 billion takeover proposal, which the two sides had agreed in principle on Sunday

** Stock is up 30.9% YTD

($1 = £0.7447)


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