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A $7.7 billion takeover offer from Apollo has reached easyJet, with Castlelake also submitting a competing bid for the budget carrier, according to reports. A bidding war for the airline is underway.
Two competing offers on the table Both Apollo and Castlelake have submitted formal takeover proposals for easyJet. Apollo's offer is valued at $7.7 billion. Castlelake's bid price was not disclosed.
EasyJet is described as weighing both proposals. The airline has not publicly named a preferred acquirer. Bidding war takes shape Two separate firms have now formally bid for easyJet.
Neither offer has been accepted, according to reports. Apollo's $7.7 billion figure stands as the only publicly disclosed valuation in the contest.
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