Apollo Raises easyJet Takeover Bid to £5.7 Billion
U.S. private equity firm Apollo Global Management has submitted a £5.7 billion takeover offer for British low-cost airline easyJet, surpassing a previous £5.5 billion proposal from Castlelake. The new bid values easyJet shares at £7.15 each and includes an option allowing existing investors to retain a minority stake after the acquisition. easyJet’s board said it…