Swedish private equity firm EQT has increased its takeover offer for Intertek to approximately £9.7bn, in a renewed attempt to acquire the UK-listed testing and certification group after its initial proposal was rejected, according to a report by the Financial Times.
The revised bid, reportedly pitched at around £54 per share, represents a modest increase on EQT’s earlier indicative offer of £51.50 per share in cash. The proposal values Intertek’s equity at more than £8.3bn and, including debt,...
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