Competing fund enters race for EasyJet with $7.7 billion offer
Higher offer prompts airline to withdraw support for Castlelake's proposal just days after reaching an agreement in principle
EasyJet
EasyJet board backs improved £5.5 billion takeover proposal from Castlelake
US investment firm raises offer after EasyJet rejected four earlier bids and accused it of undervaluing the UK airline
EasyJet shares jump after Castlelake confirms takeover interest
US investment firm has aviation finance exposure and holds a 2.14% stake in the British low-cost carrier