🔴 easyJet is trading 4.42% down today after Castlelake declined to raise its offer

easyJet is trading 4.42% down now at £623.00 after Castlelake declined to raise its £5.5 billion offer, ending its pursuit.

• Bloomberg reported Castlelake ceded the deal to Apollo Global Management, which proposed a higher £7.15-per-share offer.
• The announcement removes competing-bid support and increases uncertainty around easyJet’s eventual ownership outcome.
• The decline is company-specific rather than broad-market driven; the takeover process remains the dominant catalyst on August 6, 2026.