EasyJet and its investors are holding out for at least £600 million ($794.46 million) more from U.S. suitor Castlelake, the Financial Times reported on Monday, citing leading shareholders and people with knowledge of the talks.
The airline rejected the U.S. investment firm’s $6.3 billion bid, saying it undervalued the business. Castlelake made the offer public earlier in the day.
A large unnamed investor stated that they would engage if the price is at least £7 a share, which would value easyJet at about £5.3 billion.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.