global
EasyJet Agrees to Takeover Acquisition by Private Equity Firm Apollo
Just the facts
British airline EasyJet agreed to a £5.7 billion acquisition offer from United States private equity firm Apollo Global Management. The board of directors approved the takeover following the withdrawal of competing acquisition proposals from alternative corporate suitors. The transaction remains subject to approval by company shareholders and international regulatory authorities.
Why this is news
British low-cost airline EasyJet accepted a £5.7 billion acquisition agreement with United States investment management company Apollo Global Management.
Sources
This summary is compiled strictly from the original reporting below.