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Intertek to recommend EQT’s £9.4bn final bid

privateequitywire

1 month ago

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Intertek Group Plc is preparing to support a £9.4bn ($12.7bn) acquisition proposal from Swedish private equity firm EQT AB, following a series of previously rejected bids, according to a report by Bloomberg citing a statement from the UK-listed company.
The product testing and assurance provider said it is now minded to recommend EQT’s latest offer, which comes after three earlier proposals were turned down on valuation and execution risk concerns. The shift follows engagement from shareholders...

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