Intertek rebuffs latest EQT bid, says 'fundamentally undervalues' firm

Related news

Intertek Group PLC on Friday said it has ‘unanimously and unequivocally’ rejected the latest bid proposal from EQT Fund Management Sarl.

The London-based assurance, inspection, product testing and certification company said the 5,400 pence per share proposal ‘fundamentally undervalues Intertek and its future prospects.’

Shares in Intertek closed down 0.7% at 4,810p each in London on Friday for a market value of £7.40 billion.

On Wednesday, Intertek said it had received the latest tilt from EQT Fund Management, in its role as manager of the EQT X fund. It had previously rejected a 5,150p per share offer.

Under UK takeover rules, EQT has until May 14 to either announce a firm intention to make an offer or confirm that it does not intend to proceed.

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Bids, mergers and takeovers

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.