EasyJet rejects £4.7bn US takeover bid as undervaluing the airline

EasyJet rejected a £4.7 billion takeover approach from a US bidder, saying the offer sought to buy the airline “on the cheap” and significantly undervalued the business. The budget carrier’s board turned down the bid on June 22.

A public rejection at this stage typically signals one of two paths: the suitor walks away, or it returns with a higher offer or takes its case directly to shareholders. EasyJet’s framing — that the price was opportunistic — is a standard opening move to extract better terms, and whether a deal happens will hinge on the premium a bidder is willing to pay over the airline’s recent share price.

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