Intertek Group plc — News

The cash price is a 38% premium to its closing price on April 15, the day before EQT confirmed the approach.

wsj.com - 2026-06-18 05:21:00

Britain's Intertek has reached ​an agreement to be taken ‌private by Swedish private equity firm EQT for about £10.6 billion ($14.10 billion), including debt, a ​person familiar with the situation ​said on Thursday.

reuters.com - 2026-06-18 03:26:10

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globenewswire.com - 2026-06-17 08:02:00

British product testing firm Intertek said on Thursday the UK takeover panel has extended a ​deadline to June 18 for the £9.4-billion ($12.6 billion) bid ‌by Swedish private equity firm EQT AB.

reuters.com - 2026-06-11 02:46:20

National Grid PLC (LSE:NG.), Associated British Foods PLC (LSE:ABF) and Kingfisher PLC (LSE:KGF) are among the companies acting as a drag on the FTSE 100 on Thursday, as part of a busy batch of blue-chip stocks trading ex-dividend.

proactiveinvestors.co.uk - 2026-05-28 03:52:18

Shares in Intertek Group PLC (LSE:ITRK), the FTSE 100 quality assurance and testing group, rose 7.3% to 5,687p after the board said it would be minded to recommend a deal valuing the business at £10.6 billion. The £60 a share proposal, received on Monday, is EQT's fourth and final approach and follows rejected bids of £51.50, £54.00 and £58.00 per share.

proactiveinvestors.co.uk - 2026-05-13 04:02:45

Britain's Intertek is likely to agree to ​a 9.4-billion-pound ($12.72-billion) takeover bid by Swedish ‌private equity firm EQT , the company said on Wednesday, after repeatedly rejecting earlier ​proposals on valuation grounds.

reuters.com - 2026-05-13 03:06:42

Shares in Intertek Group PLC (LSE:ITRK), the FTSE 100 testing and certification company, rose 5% to 5,227 pence in early trading after EQT, the Swedish private equity group, submitted what it described as a final and improved indicative proposal worth up to £9.4 billion. EQT is offering £60 per share in cash, up from a third increased bid of £58 per share submitted on 5 May, which Intertek's board rejected three days later.

proactiveinvestors.co.uk - 2026-05-12 03:11:41

The Swedish buyout group sweetened its takeover bid for the U.K. testing specialist to $12.79 billion, including dividends, saying this was its final proposal.

wsj.com - 2026-05-12 03:01:00

Sweden's EQT AB tabled ​a sweetened 9.4 ‌billion pound ($12.74 billion) proposal for Britain's Intertek on ​Tuesday, after three ​of its earlier bids ⁠were turned down ​on concerns they undervalued ​the product testing firm.

reuters.com - 2026-05-12 02:57:05

Activist investor PrimeStone Capital on Monday urged Intertek's board to "engage constructively" with EQT , after ​the British company rejected a sweetened takeover proposal from the ‌Swedish private equity firm.

reuters.com - 2026-05-11 14:47:43

Shares in the FTSE 100 testing and certification group fell 6% to 4,747p after the board dismissed the latest bid as significantly undervaluing the company. Intertek Group PLC (LSE:ITRK), the FTSE 100 quality assurance and testing company, has unanimously rejected a third takeover approach from private equity firm EQT, valuing the business at £58 per share in cash, as its board presses ahead with plans to split the group in two.

proactiveinvestors.co.uk - 2026-05-08 04:05:12

Intertek rejected the improved proposal from buyout group EQT, saying that it undervalues the company and it remains committed to a strategic review.

wsj.com - 2026-05-08 03:00:00

Britain's Intertek ​rejected a ‌sweetened 8.93 billion ​pound ($12.12 ​billion) takeover proposal ⁠from ​Swedish private ​equity firm EQT AB ​on ​Friday, saying it ‌undervalued ⁠the product testing company ​and ​carried ⁠high execution ​risk.

reuters.com - 2026-05-08 02:11:46

Britain's Intertek is set to reject EQT's sweetened 58-pound-per-share offer ($78.85), the ​Financial Times reported on Wednesday, citing people familiar ‌with the matter.

reuters.com - 2026-05-06 14:55:05

Swedish private equity firm EQT AB raised its bid to buy Britain's Intertek to about 8.93 billion ​pounds ($12 billion) on Tuesday after the product testing firm rebuffed its ​previous proposals on grounds it undervalued the company.

reuters.com - 2026-05-05 04:14:39

Intertek Group PLC (LSE:ITRK) shares jumepd over 7% to 5,156p sharply after private equity firm EQT submitted an improved 5,800p per share cash proposal to acquire the company. The approach, which is the Swedish firm's third, values the testing and inspection group at a 54% premium to its closing price of 3,770p on 9 April, before the initial bid was made.

proactiveinvestors.co.uk - 2026-05-05 04:07:07

Swedish buyout group EQT said it submitted an improved takeover proposal for Intertek, valuing the company at $12.08 billion.

wsj.com - 2026-05-05 03:28:00