BUZZ-EasyJet rises after rejecting sweetened Castlelake takeover bid

ProShares Ultra MSCI Japan

ProShares Ultra MSCI Japan

EZJ

0.00

** Budget carrier easyJet EZJ.L shares rise 5.2% to 567.8p, after rejecting a 4.93 bln pound ($6.49 bln) takeover bid

** The board turns down U.S. investment firm Castlelake’s sweetened 650p-per-share offer - the fourth proposal and higher than its previous 625p-per-share bid

** However, easyJet grants the suitor limited access to commercial information in hopes of drawing a higher bid

** As of last close, EZJ up ~6% YTD

($1 = 0.7594 pounds)


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