EasyJet aligns PUSU deadline for Castlelake, Apollo to Aug 7

(Sharecast News) - Takeover target easyJet on Monday said it had extended the put up or shut up deadline for both competing offers from private equity firms Castlelake and Apollo to 1700 BST on August 7. Castlelake had originally been set a deadline of August 3, but as easyJet had been providing due diligence to both parties it had decided to align the dates. The low-cost carrier originally accepted a £5.5bn offer from Castlelake before switching to approval for a £5.7bn pitch from Apollo.

Reporting by Frank Prenesti for Sharecast.com