EasyJet says US bidder trying to buy it 'on the cheap' as it rejects £4.7bn offer

EasyJet has rejected a £4.7bn takeover offer from US bidder Castlelake, describing the approach as "highly opportunistic". The airline believes the bid undervalues the company and is an attempt to buy it "on the cheap". Castlelake's offer is the latest in a series of bids for EasyJet, which has been navigating a challenging period in the aviation industry. EasyJet's rejection of the offer suggests the company is holding out for a higher valuation.

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