British airline easyJet to raise $1.7 bln, rejected bid offer

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LONDON — British airline easyJet announced a fully underwritten rights issue to raise 1.2 billion pounds ($1.7 billion) plus a new debt facility to help its pandemic recovery, and added it had recently rejected a takeover offer.

($1 = 0.7264 pounds) (Reporting by Sarah Young; Editing by Kate Holton)