Intertek set to back $12.7 billion EQT takeover bid
Intertek is likely to recommend a 9.4 billion pound offer from EQT after rejecting three prior bids. The deal represents a 40 percent premium for shareholders.
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INTERTEK GROUP PLC is likely to recommend a £9.4B ($12.72B) takeover proposal from EQT AB after rejecting three previous bids. The deal would rank as the third-largest private equity takeover in the United Kingdom, according to LSEG data. Investors pushed the board to engage after a 40% premium offer ended a month-long valuation standoff.
