easyJet has turned down an unsolicited preliminary takeover approach and proposed a rights issue of £1.2bn, representing one third of its current market cap, to strengthen its financial positions and support potential long-term strategic investments. The renewed guidance for the short term is broadly in line with its last update.
09 Sep 2021
easyJet to raise £1.2bn after rejecting a largely undervalued takeover bid
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easyJet to raise £1.2bn after rejecting a largely undervalued takeover bid
easyJet plc (EZJ:LON) | 542 49.9 1.7% | Mkt Cap: 4,110m
- Published:
09 Sep 2021 -
Author:
Yi Zhong -
Pages:
2
easyJet has turned down an unsolicited preliminary takeover approach and proposed a rights issue of £1.2bn, representing one third of its current market cap, to strengthen its financial positions and support potential long-term strategic investments. The renewed guidance for the short term is broadly in line with its last update.