easyJet (LSE:EZJ) Could Be 51% Overvalued Following The £5.5b Apollo Bid

Apollo Management X has proposed a £5.5b acquisition of easyJet (LSE:EZJ), offering £7.15 per share in cash with an optional stub equity alternative, while the easyJet board has withdrawn support for a competing Castlelake bid.

See our latest analysis for easyJet.

The Apollo proposal comes after a strong run in easyJet’s share price, with a 30 day share price return of 35.04% and a 90 day share price return of 70.33%.

The 1 year total shareholder return of 32.51% suggests momentum has...