What is the new offer price per share that EQT has proposed for Intertek, and how does it compare to its previous bid?

EQT has submitted a revised takeover proposal offering 54 pounds per share for Intertek, representing a 5% increase from its initial bid of 51.5 pounds per share. The Financial Times reported this updated offer, citing people familiar with the matter, and noted that Intertek had previously rejected the lower bid due to concerns it undervalued the company.

Why did Intertek announce plans to explore a split of its two businesses, and how have analysts characterized this move?

Intertek announced plans to explore a split of its two businesses — which support quality, safety, and sustainability standards across products, operations, and supply chains — shortly after EQT’s first takeover proposal was disclosed. Analysts have since described this strategic move as 'defensive', suggesting it was intended to strengthen Intertek’s position against the acquisition attempt by highlighting standalone value or complicating a unified takeover.

Intertek Receives Improved Takeover Bid from EQT, FT Reports

Apr 22, 2026

Private equity firm EQT has submitted a revised £9.7 billion takeover proposal for Intertek at 54 pounds per share, following the testing firm's recent plans to explore a business split.

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Intertek Receives Improved Takeover Bid from EQT, FT Reports