IN BRIEF: Intertek gives EQT extra week to make firm takeover offer

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Intertek Group PLC - London-based assurance, inspection, product testing and certification provider - Agrees to extend the deadline for a firm offer from suitor EQT Fund Management Sarl to Thursday next week. Last month, Intertek backed a final proposal from EQT worth £60 per share in cash. The tilt values Intertek at £9.40 billion. Since then, EQT’s due diligence and the agreement of definitive transaction documentation has been progressed, Intertek says. EQT has requested additional time to complete the due diligence and governance process. Intertek says EQT has confirmed the financial terms of the final proposal remain unchanged, and that Intertek is able to pay declared 107.7 pence final dividend for 2025 without the price being reduced. EQT now has until next Thursday to announce a firm intention to make an offer, or that it does not intend to make an offer.

Current stock price: 5,620.00 pence, up 2.8% in London early Thursday

12-month change: up 17%

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