Intertek has turned down an improved takeover proposal from European private investment giant EQT AB, stating that the offer significantly undervalues the business and its long-term growth potential, according to a report by Reuters.
The revised proposal, submitted earlier this week, valued Intertek at approximately £8.3bn ($11.2bn), or £54 per share, representing an increase from EQT’s initial £51.50-per-share approach, which had also been rejected.
Intertek shares, which had risen following ne...
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