Britain's Intertek set to accept EQT's $12.7-billion takeover bid
Published on May 13, 2026.
British product testing company, Intertek, is expected to accept a 9.4-billion-pound ($12.72-bn) takeover bid by Swedish private equity firm EQT (EQTAB.ST) after rejecting earlier proposals due to valuation issues. The company has also postponed a strategic review that could see it split into two businesses. Under the latest proposal, EQT has offered 60 pounds per share in cash and a 1.1 pound annual dividend, a 40% premium to the stock's closing price.
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