EasyJet has accepted a £5.7 billion takeover bid from Apollo Global Management, a US private equity firm, following the withdrawal of competitor Castlelake from the acquisition contest. Apollo plans to acquire EasyJet by paying £7.15 per share, with the transaction anticipated to conclude by March 2027, contingent upon receiving all necessary approvals.
The initial recommendation from EasyJet was in favor of a sale to Castlelake....
US President Donald Trump has expressed optimism about a potential agreement to reopen the Strait of Hormuz, suggesting that a deal could be announced as soon as Wednesday. The negotiations, which involve Iran and Oman, aim to restore commercial shipping through this critical waterway, a vital channel for a large portion of the world’s oil and natural gas trade. The ongoing disruption in this...
