Intertek rejects EQT’s $11bn takeover proposal

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Intertek rejects EQT’s $11bn takeover proposal

privateequitywire

4 months ago

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Intertek has rejected an unsolicited buyout proposal from Swedish private equity firm EQT, which valued the UK-listed testing and certification company at around £7.9bn ($10.74bn), saying the offer materially undervalued the business, according to a report by Reuters.
The bid priced Intertek at 51.5 pounds per share, a 36.6% premium to its closing price on 9 April, the day before EQT’s approach became public. Shares in the company, which provides quality, safety and sustainability testing servic...

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