EQT AB is making successive final bids to acquire Intertek Group Plc, the UK product-testing company. Bloomberg reports that EQT raises its offer multiple times, including a fourth and final bid after repeated rejections, with the latest figures reported around £9.2 billion (about $12.5 billion). Other coverage also describes an earlier “final” approach at roughly £8.9 billion and notes that the deal process is being driven by increasing shareholder pressure on Intertek to engage with EQT.
The Financial Times says EQT submits a “final” offer that is higher than earlier bids, with one report citing a £10.6 billion proposal—equivalent to £60 per share—while stating Intertek’s shareholders are pushing it toward discussions. Additional outlets report that Intertek is inclined to recommend the latest EQT offer and that a higher approach, cited at around £9.4 billion, follows three prior rejections by Intertek.
Across sources, EQT’s objective is to secure an agreement after several unsuccessful approaches, while Intertek moves closer to engaging with—or recommending—a last offer after sustained investor scrutiny.
