The board of directors of easyJet has stated that, for the moment, it has not entered into discussions with Castlelake, after the investment fund made public that it is analyzing launching an acquisition offer for the British 'low cost' airline.
"The board is clear about its duty to maximize shareholder value and will consider any proposal that is presented. In any evaluation, it will pay special attention to its valuation and viability," the airline added in a statement, which was up 10% on the stock market shortly after 11:25 AM.
Castlelake communicated that it is in an initial phase of studying a possible offer for the airline company, while emphasizing that "there is no certainty that it will be made, nor as to its terms."
According to the set calendar, the fund has until June 26 to make a firm proposal or withdraw from the process. If it finally decides to present the offer, it will be obliged to do so at a minimum price of 403.23 pence per share.
Currently, Castlelake controls around 2.14% of easyJet's issued ordinary share capital, a stake equivalent to approximately 16.2 million shares.