"Shares in easyJet jumped after reports that the Swiss-headquartered shipping company MSC was considering a takeover of Europe's second-largest budget airline. The shares shot up 12% after a report from Corriere Della Sera, an Italian publication, which cited three unnamed sources familiar with the matter, their biggest bump in three years. A number of investors are considering a bid for easyJet, with options ranging from a majority stake to full control, according to the paper."
"Shares in easyJet pared back some of their earlier gains by midday after easyJet said it did not comment on speculation and MSC denied direct involvement in the talks, though were still trading up by about 4.5%. It would not be the first time the budget carrier has attracted takeover interest. In 2021, the company rejected an approach from its rival Wizz Air."
Shares in easyJet surged 12% following reports that Swiss-headquartered shipping company MSC was considering a takeover, marking the airline's biggest share bump in three years. Investors are weighing bids ranging from majority stakes to full control, reflecting renewed takeover interest. By midday shares trimmed gains after easyJet declined to comment on speculation and MSC denied direct involvement, though shares remained up about 4.5%. easyJet previously rejected a 2021 approach from Wizz Air and faces potential shareholder complications from founder Stelios Haji-Ioannou, who holds about 15%. The carrier's shares remain below half their pre-pandemic level amid fuel cost volatility, weak consumer confidence and supply-chain challenges.
Read at www.theguardian.com
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