easyJet shareholders have approved the recommended cash acquisition of the airline by Eagle Bidco, a company indirectly owned by funds managed by Apollo. At the court meeting on November 11, holders of 287,233,404 scheme shares voted in favour, 97.07 percent of the scheme shares voted, and a general meeting the same day passed the resolution needed to implement the scheme with 96.67 percent of votes cast.
The offer is 715 pence in cash for each easyJet share and values the airline’s issued and to be issued share capital at about 5.7 billion pounds, about 7.6 billion dollars. easyJet and Eagle Bidco agreed the deal on August 6, 2026. Apollo funds will hold up to 49.9 percent of the company after closing, with rollover shareholders holding between 45.1 and 49.9 percent.
The votes satisfy two scheme conditions, but the acquisition is not complete. It still needs the sanction of the High Court, for which no hearing date has been set, and the remaining regulatory conditions. easyJet said EU persons held 35.07 percent of its shares at the general meeting, and the takeover faces scrutiny under European airline ownership rules because the airline relies on EU licences for bases and routes across the bloc, even though it is headquartered in Britain.
easyJet expects the scheme to take effect before the end of March 2027, when the airline would leave the London stock market after more than 25 years as a listed company. The long stop date is August 6, 2027.