Intertek faces a problem: to accept EQT’s £9.2bn cash offer today or pursue a breakup that could unlock higher valuations tomorrow. The debate reflects a broader question of certainty versus potential in public markets.
Intertek Plc is a British multinational leader in the testing, inspection, and certification sector. A FTSE 100 company, Intertek services clients in a variety of industries such as manufacturing, energy, infrastructure and transportation.
Since April 2026, Intertek has been the subject of four take-private bids by EQT AB, a Swedish private equity firm. The offers, which ended in a final bid valuing the company at £9.2B (about £60.1 per share) have all been rejected by Intertek’s board, arguing that the offers all fundamentally undervalue the firm and come with serious financing and execution risks. Previous bids have come in at £58, £54, and £51.50 per share.
Next Article
Related Topics