|
Intertek Group PLC on Friday said it has ‘unanimously and unequivocally’ rejected the latest bid proposal from EQT Fund Management Sarl. The London-based assurance, inspection, product testing and certification company said the 5,400 pence per share proposal ‘fundamentally undervalues Intertek and its future prospects.’ Shares in Intertek closed down 0.7% at 4,810p each in London on Friday for a market value of £7.40 billion. On Wednesday, Intertek said it had received the latest tilt from EQT Fund Management, in its role as manager of the EQT X fund. It had previously rejected a 5,150p per share offer. Under UK takeover rules, EQT has until May 14 to either announce a firm intention to make an offer or confirm that it does not intend to proceed. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
