UK: EasyJet rejects bid approach as it seeks to raise more money
LONDON (AP) — British airline easyJet said Thursday it rejected an unsolicited takeover approach as it announced plans to raise another 1.2 billion pounds ($1.7 billion) from shareholders to shore up its recovery from the coronavirus pandemic.
In a statement, the company said its board had “unanimously” rejected the offer from an unnamed company, which according to widespread speculation in financial markets is thought to have come from rival Hungarian airline Wizz Air.
Wizz Air declined to comment on the speculation.