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Intertek poised to Reject EQT’s sweetened £10bn bid

privateequitywire

1 month ago

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Intertek is preparing to reject a revised takeover proposal from Swedish private equity group EQT, as the FTSE 100 testing and inspection company maintains that the latest offer still undervalues the business, according to a report by then Financial Times.
EQT recently increased its indicative bid to £58 per share, equivalent to an equity value of around £8.9 billion and approximately £10.3bn including debt. The proposal follows two earlier offers of £51.50 and £54 per share, both of which were...

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