5 articles
Intertek is likely to accept a £9.4-billion ($12.72-billion) cash takeover offer from private equity firm EQT, pausing its strategic review to facilitate due diligence. The deal represents a 40% premi
Despite market volatility, a £10bn cash takeover bid for Intertek at a 54% premium remains viable. The deal relies on valuation arbitrage and potential divestment of its energy division amidst fluctua
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.
UK testing firm Intertek rejected a takeover offer from EQT AB, sending shares up 12.3% as it plans to explore separating its businesses into standalone firms.
Intertek plans to split into energy/infrastructure and testing units to boost growth, lifting shares 14% amid a trend of UK firms reshaping operations, including chemical peer Johnson Matthey.
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