EasyJet rejects takeover bid from Wizz Air

The offer was disclosed as the carrier looks to raise £1.2 billion in a rights issue to bounce back from the pandemic , Luton-based easyJet has revealed that it rejected a takeover approach by low-cost rival Wizz Air as it looks to raise more than £1 billion in a rights issue in a bid to bounce back from the pandemic. The carrier says it recently received an unsolicited offer from an unnamed bidder which “fundamentally undervalued the company” and took