86 days ago
Most recently on easyJet (EZJ), we noted agreement in principle on the key financial terms of a recommended cash offer of 690p per share but, with the gap to that from a 614p share price and having already de-risked a bit and still some potential for rival interest, to continue to hold the rest. Now another “possible offer” announcement.
103 days ago
Earlier this week we noted on easyJet (EZJ) that its ‘latest rejection sees possible offer taken public’, with Castlelake, L.P. “announcing this third proposal to enable easyJet shareholders to consider its merits and provide their views… to the easyJet board… following the rejection of three proposals by the easyJet board, and given its unwillingness to engage meaningfully”. That third proposal was at 625p per share and, with we considering the above suggested a higher price still likely possible on meaningful engagement, we concluded with the shares up to just above 520p to Hold. What about now “Possible Offer” updates and the shares up to 584p to sell?
104 days ago
easyJet (EZJ) has announced that it considers a 625p per share possible offer proposal from Castlelake, L.P. as “highly opportunistic, delivered against the backdrop of easyJet’s temporarily depressed share price, and still fundamentally undervalues easyJet and its prospects”. What about that with shares in easyJet up to just above 520p?
