easyJet rejects takeover; launches rights issue

easyJet has announced its anticipated rights issue today but in a less expected announcement the UK low-cost carrier has disclosed that it was recently the target of an unsolicited preliminary takeover approach (from Wizz Air, according to the FT). easyJet comments that the offer – which was described as a “low premium and highly conditional all-share transaction” – was “carefully evaluated and then unanimously rejected”. The potential bidder has since confirmed that it is no longer considering an offer for the company. easyJet stressed that the rejection of the offer was not only due to the conditions attached but also because