EasyJet has publicly rejected a £4.7 billion takeover offer from US investment firm Castlelake, deeming it significantly undervalues the airline. Castlelake made three unsolicited approaches to acquire EasyJet throughout the month, all of which were turned down by the budget carrier’s board. EasyJet officials characterized the bid as an attempt to purchase the company “on the cheap.” The airline did not disclose specific details of the rejected offers beyond the headline figure. This rejection signals a potential for further negotiations or a possible hostile takeover attempt. Shares in EasyJet experienced a slight increase following the announcement, indicating investor expectation of a higher counteroffer. The situation remains fluid as Castlelake has yet to publicly respond to EasyJet’s statement.