Morningstar

EQT Raises Takeover Bid For Intertek Again

Provided by Dow Jones May 5, 2026, 7:35:00 AM

By Nina Kienle

Swedish buyout group EQT said it submitted an improved takeover proposal for Intertek, valuing the company at 8.93 billion pounds ($12.08 billion).

The private-equity company on Tuesday said that under the increased proposal, Intertek shareholders would receive 58 pounds in cash for each Intertek share.

The proposal values the company as a whole at 8.93 billion pounds, based on share-count data provided by LSEG.

Intertek rejected EQT's second proposal last month, valuing it at 54 pounds per share.

There is no certainty that a new offer will be made, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

May 05, 2026 03:35 ET (07:35 GMT)

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