What is the key difference in share price between the two bids?

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Accepted Answer

Apollo’s bid is higher than Castlelake’s by 25 pence per share
Apollo’s offer values easyJet at £7.15 per share, while Castlelake’s bid is £6.90 per share. The key difference between the two offers is 25 pence per share.
Apollo’s offer price
Apollo’s takeover proposal is set at £7.15 per share for easyJet. This is the higher figure in the current bidding contest involving two US private equity investors.
Castlelake’s offer price
Castlelake’s bid is £6.90 per share. easyJet had previously accepted Castlelake’s fifth revised proposal before the new Apollo offer.
The exact gap between the bids
The difference between £7.15 and £6.90 is 0.25 pounds per share, which is 25 pence. This 25 pence spread is what makes Apollo’s offer the top bid on the share price level.

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What is the key difference in share price between the two bids?

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