EQT raises Intertek takeover bid to 12 billion dollars
EQT AB raised its bid for British firm Intertek to 12 billion dollars on Tuesday. The new offer follows two rejections as Intertek weighs a business split.
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EQT AB raised its takeover bid for INTERTEK GROUP PLC to £8.93 billion ($12 billion) on Tuesday morning. The Sweden-based private equity firm submitted the 58-pound-per-share offer after the United Kingdom-based testing firm rejected two previous proposals. The move highlights intensifying private equity interest in London-listed assets as Intertek considers a structural split to maximize value.
