CORRECTED-BUZZ-EasyJet hits near 4-1/2-year 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

Corrects milestone in headline to near 4-1/2-year high from 3-1/2-year high

** 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 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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