LondonApollo topped Castlelake’s bid, offering £5.7bn for easyJet.
US private-equity funds are chasing London-listed shares trading below American peers’ valuations; UK take-privates hit £12.5bn this year already.
Castlelake and Apollo must confirm firm offers by August 3 and 7, or walk away.
Sources: The Guardian, Euronews English, Yahoo! Finance, Yahoo News, Free Malaysia Today