EasyJet's Board Loses Its Nerve in the Face of a Hostile Bid The EasyJet board has surrendered to a hostile bid from US private equity firm Castlelake without putting up much resistance. The £5.
5 billion offer, which amounts to 690p per share, may seem attractive given the airline's struggles to meet its profitability targets.
However, it's hard not to wonder if this is an easy way out rather than a fight for the long term interests of shareholders.