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Intertek rejects improved £8.9bn EQT takeover bid

privateequitywire

1 month ago

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UK-listed testing and inspection group Intertek has formerly turned down a revised takeover proposal from Swedish private equity firm EQT, arguing that the offer significantly undervalues the business and presents considerable execution uncertainty, according to a report by Bloomberg.
EQT’s latest proposal, submitted earlier this week, valued Intertek at approximately £8.93bn ($12.1bn), equating to 58 pence per share. The bid marked an increase on two earlier approaches priced at 54 pounds and 5...

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