FOUND: 4 - What They Never Told You

Two bidders are better than one. But easyJet’s exit is depressing for the London market

Once again a mispriced share price created opening for US raiders to rush in

The Guardian - UK · Jul 10

EasyJet Shares Jump As Apollo Launches Higher $7.7 Billion Takeover Bid. Rival Offer From Castlelake Loses Board Support.

EasyJet shares surged Friday after the British budget airline said it is considering a higher takeover proposal from Apollo Global Management valued at about $7.7 billion, replacing its earlier support for a rival bid from Castlelake.

International Business Times · Jul 10

EasyJet bidding war as budget airline agrees to rival £5.7bn takeover bid

IN FULL

The Independent UK · Jul 10

EasyJet finally agrees to rival £5.7bn takeover bid from US giant

The airline said it had reached an agreement in principle for an offer worth £7.15 per share

The Independent UK · Jul 10

Apollo gatecrashes easyJet sale with surprise £5.7bn takeover offer – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Jul 10

US private equity firm Apollo enters bidding war for easyJet with £5.7bn offer

Airline’s board ‘minded to recommend’ deal – after agreeing in principle to accept rival one from Castlelake

The Guardian - UK · Jul 10

Top economist says AI just hasn’t delivered on the productivity hype—and it means a 'painful repricing' of markets is very possible

Apollo Chief Economist Torsten Slok warns there’s reason to be concerned about AI being unable to yet generate returns on investment.

Fortune · Jul 6

In 1776, the moon was a clock, a calendar and a streetlight — and it was 31 feet closer to Earth

The moon over America's first Independence Day was about 31 feet closer to Earth than it is today. Here's how colonists used it as a clock, calendar and streetlight — and what astronomers knew about it.

Space · Jul 2

Private Equity Targets Healthcare and AI Infrastructure as Core Growth Engines

Private equity firms are increasingly directing capital into two core growth areas: healthcare and AI-driven infrastructure, as investors seek favor in long-duration assets.

Benzinga · Jul 1

Following the Broadcom-OpenAI Deal, Wall Street Says AVGO Stock Still Could Gain 40% From Here

With the announcement of the first custom AI chip from OpenAI, Wedbush has another reason to be bullish on Broadcom.

Barchart · Jul 1