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QuidelOrtho is exploring a sale of its testing unit as it looks to reshape the business after the post-pandemic slump. The company’s stock has fallen about 90% from its Covid-era peak, weakening its hand and increasing pressure to monetize assets.
6:00 AMFinancial TimesEasyJet’s largest shareholders are resisting Castlelake’s £5.3bn approach and are signaling they want at least £7 per share to support a deal. Investors argue the current offer does not reflect EasyJet’s earnings and asset value given the sector’s recovery and improving cash generation.
12:00 AMFinancial TimesSummary
QuidelOrtho is exploring a sale of its testing unit as it looks to reshape the business after the post-pandemic slump. The company’s stock has fallen about 90% from its Covid-era peak, weakening its hand and increasing pressure to monetize assets.
Why it matters
A credible divestment process can set the market price for post-Covid diagnostics assets and signal how far dealmaking will go in healthcare’s next consolidation wave.
Summary
EasyJet’s largest shareholders are resisting Castlelake’s £5.3bn approach and are signaling they want at least £7 per share to support a deal. Investors argue the current offer does not reflect EasyJet’s earnings and asset value given the sector’s recovery and improving cash generation.
Why it matters
The outcome will test how far private capital can push into large-cap aviation and whether public-market investors will concede control without a clear takeover premium.
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