EasyJet bidder is still offering less than a full ticket | Nils Pratley
Castlelake’s offer does not feel close to a knockout price – and it still needs to get shareholders (and Stelios) on boardIt’s an obvious tactic for a would-be bidder to deploy when its offers have been rejected three times by the target’s board of directors: go public with the proposed terms and hope the shareholders demand new talks.Castlelake’s playbook at easyJet is standard stuff and, since the “put up or shut up” bid deadline falls at end of this week,…
Source: www.theguardian.com