Overview
- Easyjet said on Friday that its board has accepted Apollo Global’s offer of £7.15 per share and will recommend the proposal to shareholders.
- Under UK takeover rules Apollo must make a binding offer by early August, with reporting that the deadline is 7 August for a formal bid to be filed.
- Markets reacted strongly after the announcement, with Easyjet shares jumping double digits, and shareholders may be able to take cash or receive shares in the Apollo fund that would hold the airline.
- Analysts warn the most valuable parts of Easyjet are its airport landing slots and modern A320 fleet, assets private buyers often sell or reallocate, and this raises the risk of network changes or asset disposals.
- Major obstacles remain because cross‑border airline control is legally sensitive, potential US owners typically need European partners, and regulatory review, the formal bid filing and shareholder votes will decide the airline’s future routes, jobs and ownership.