Takeover Pressure Sends EasyJet Shares Higher as Board Opens Door to Further Talks
EasyJet shares jumped as the airline's board unanimously turned down a fourth non-binding takeover proposal from Castlelake, which increased its cash offer to 650 pence per share. The board extended the regulatory put-up or shut-up deadline and granted limited access to company information, language investors saw as a softening of resistance and a …