EasyJet Shares Rise as Apollo Takeover Moves Toward Completion

3-line summary

• Apollo's £5.7 billion cash takeover of EasyJet remains on schedule to complete before the end of Q1 2027, per Investing.com, after the companies published the scheme document that starts formal court and shareholder-meeting procedures; the court and shareholder meetings are set for the week of November 9, with the shareholder vote on November 11. Approval could lead to EasyJet's delisting from the London Stock Exchange.
• The document noted opposition from unions and the European Works Council, who object that employee job guarantees are limited to a non-binding 12-month commitment; a key hurdle remains demonstrating to aviation regulators that European ownership and control will be maintained. EasyJet shares rose Thursday to trade near their 52-week high at 684.6 pence.

This summary is our own processing of the source article; see the source link below for full context.