UK's Intertek Rejects EQT's Third Takeover Bid Worth $12 Billion, Shares Fall

UK's Intertek rejects EQT's third takeover bid worth $12 billion, shares fall

Intertek Investors Push for EQT Talks After $12 Billion Bid

Intertek rejects higher £8.9bn approach from Swedish suitor

The laboratory testing firm said the bid proposal from EQT ‘significantly undervalues Intertek and its future prospects’.

FTSE 100 firm Intertek rejects £9bn EQT bid

Intertek Group plc has rejected a third offer of almost £9 billion from Swedish private equity firm EQT. EQT’s offer, for £58 per share in cash, was revealed earlier this week and followed the rejection of previous proposals of £51.50 and £54 per share. The latest bid represented a premium of 54% to the closing share price of £37.70 per share as at 9th April 2026 – the day before EQT submitted its initial proposal to FTSE 100 firm Intertek. Lond…

FTSE 100’s Intertek rejects sweetened £10bn bid from EQT

Board of the testing firm unanimous is saying 5,800p price tag ‘undervalues’ the group FTSE 100 constituent Intertek has rejected the latest bid for the testing company from Swedish private equity firm EQT, saying the £10bn, 5,800p-per-share offer “significantly undervalues” the group. Friday’s rebuttal was the third consecutive knock-back, following previous cash offers at 5,150p and 5,400p. The fresh offer is priced at around 54 per cent highe…

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

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 offe…