EasyJet shares are up 3.9% in early trading in London after US investment firm Castlelake made a £4.74bn bid for the low-cost airline in a new offer. This is according to Reuters.

”After EasyJet's board rejected three proposals, and considering the board's unwillingness to engage in meaningful dialogue, Castlelake is now submitting this third proposal,” Castlelake stated.

The offer of £62.5 per share represents a premium of around 57 per cent compared to EasyJet's share price of £39.4 on 29 May, the day before Castlelake expressed interest in an acquisition.

Source: Nyhetsbyrån Direkt-DI.se