EQT Increases Bid to £9.4 Billion for Intertek Group Acquisition

Deep News05-12 15:00

Swedish private equity firm EQT Corp announced on the 12th that it has submitted a new acquisition offer valued at £9.4 billion (approximately $12.74 billion) for UK-based quality and safety services giant Intertek Group.

According to the latest disclosed proposal, EQT intends to acquire Intertek Group shares at a price of £60 per share in cash, with shareholders expected to receive a dividend of £1.1 per share for the 2025 fiscal year. Previously, Intertek Group had rejected EQT's three prior acquisition applications, citing that the offers undervalued the company's business.

It is reported that EQT must formally announce by May 14 whether it has a definitive intention to proceed with the acquisition. Currently, Intertek Group has not issued an official response to this increased offer.

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