EQT launches upped £8.9 billion takeover offer for Intertek

EQT launches upped £8.9 billion takeover offer for Intertek

Shares in the FTSE 100 firm lifted higher in early trading on Tuesday as a result.

Intertek considers EQT’s $12bn sweetened bid

UK testing and compliance group Intertek is evaluating a revised takeover proposal from Swedish private equity firm EQT, in a deal that would value the company at approximately £8.9bn ($12bn), according to a report by Reuters. EQT has raised its offer to £58 per share in cash, its third approach in just over three weeks, after earlier proposals were rejected by Intertek’s board for undervaluing the business. The renewed bid represents a signific…

EQT bids £9bn for FTSE 100 firm Intertek

EQT has increased its bid to almost £9 billion for Intertek Group plc. Shares in the total quality assurance provider have jumped 7% today (writing at 3pm) to £51 after the Swedish private equity fund said it had submitted an offer for £58 per share in cash. It follows the rejection of previous EQT proposals of £51.50 and £54 per share. The latest bid represents a premium of 54% to the closing share price of £37.70 per share as at 9th April 2026…