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Intertek Group PLC on Thursday confirmed that it rejected an indicative cash proposal. The London-based assurance, inspection, product testing and certification company said the indicative proposal comprised £51.50 per share in cash. Intertek shares rose 12% to 4,900.00 pence each on Thursday afternoon in London. The indicative proposal came from EQT Fund Management Sarl, in its role as manager of the EQT X fund, which has until May 14 to announce a firm intention to make an offer for Intertek, or to announce that it does not intend to make an offer. Intertek said: ‘The board of Intertek carefully reviewed EQT’s proposal with its advisers and unanimously concluded that it fundamentally undervalues Intertek and its future prospects.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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