US private equity firm Castlelake made three takeover proposals to British airline EasyJet totaling nearly £5 billion, but the carrier rejected all of them as opportunistic given losses from elevated jet fuel costs following Middle East geopolitical tensions. Castlelake has until Friday to make a formal offer or face a six-month waiting period. Market skepticism, reflected in EasyJet shares trading below the bid price, suggests low confidence in the deal's success.
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Ali NematiWritten by Ali
