UPDATE 1-easyJet rejects Castlelake's £4.93 billion takeover proposal

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June 25 (Reuters) - British budget carrier easyJet EZJ.L rejected a fourth, sweetened £4.93 billion ($6.50 billion) takeover offer from U.S.-based investment firm Castlelake on Thursday, but said it would grant the suitor limited access to commercial information in hopes of drawing a higher offer.

"The Board believes that giving Castlelake access to limited commercial information, as Castlelake sought in the letter which contained the Fourth Proposal, might produce a more attractive proposal," easyJet said in a statement.

The £6.50-per-share proposal was higher than Castlelake's previous £6.25 per share offer.

Castlelake's deadline to table a firm offer has been extended to July 5 under UK takeover rules.

($1 = 0.7590 pounds)

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