US investor Apollo Global Management (NYSE:APO) has swooped in with a 715p per share offer for easyJet (LON:EAJ), outbidding current suitor Castlelake. The easyJet board has subsequently said it is ‘no longer minded to recommend the Castlelake proposal’. ‘Significant long-term potential’ Apollo’s cash offer trumps the fifth and latest proposal from Castlelake, which was pitched … Continue reading Apollo swoops on easyJet to outbid Castlelake