EasyJet Shareholders Approve Apollo's £5.7 Billion Offer

EasyJet shareholders have accepted US-based Apollo's £5.7 billion acquisition offer for the low-cost airline. The approval paves the way for one of the largest mergers and acquisitions in the aviation sector recently. The total size of the deal was announced as £5.7 billion. Shareholders' support for the offer is considered a critical threshold for the next stages of the transaction. EasyJet's low-cost business model is expected to combine with Apollo's investment capacity. Regulatory approvals and other closing conditions must be completed as part of the process. The final completion of the deal will depend on the evaluations of the relevant authorities. Not investment advice.