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British budget airline easyJet PLC said Sunday it has reached an agreement in principle for a takeover by US private equity firm Castlelake LP after a new proposal valuing the company at over £5 billion or $6.7 billion) The EasyJet board said Castlelake’s fifth proposal was for £6.90 per share, which they were ‘minded to recommend’ to shareholders, provided a firm offer was made by August 3, the deadline set for the deal. source: AFP Copyright 2026 Alliance News Ltd. All Rights Reserved.
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