PrimeStone Capital Urges Intertek to Reconsider EQT Bid
PrimeStone Capital urged Intertek to engage with EQT's 8.93 billion pound bid. The investor questioned the board's valuation and its current strategic review.
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PrimeStone Capital urged Intertek Group PLC to engage with a £8.93B takeover bid from EQT AB. The United Kingdom-based firm rejected the 59.1 pence-per-share offer from the Sweden-based private equity firm last week. Activist pressure mounts as investors question Intertek's 65-pence valuation amid a strategic review and potential company split.
