EasyJet, Castlelake
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Jet shares surged in London trading after the airline agreed in principle to an improved takeover proposal from U.S. investment firm Castlelake valued at about $7.3 billion.
The budget airline has agreed in principle to a £5.2 billion takeover proposal, but EU ownership rules still make this landing anything but routine.
TravelPulse on MSN
EasyJet Considering Multi-Billion-Dollar Takeover Deal
The low-cost British air carrier has been given a new, attractive proposal to be bought for over $6.9 billion.
