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EasyJet reaches 'agreement in principle' over takeover bid

EasyJet has reached a preliminary agreement with a US investment firm regarding a potential takeover valued at approximately £5.2 billion. The Luton-based budget airline had previously dismissed four takeover bids from Castlelake, an investment firm holding about a 2.14% stake in EasyJet through its managed funds. Earlier offers from Castlelake were priced at £6.50, £5.60,…