Investor PrimeStone Capital Urges Intertek to Open Books to EQT, Keep Plan B -- Market Talk

Dow Jones05-12 21:59

1359 GMT - Activist investor PrimeStone Capital is calling on Intertek's board to grant due diligence to Swedish buyout group EQT while continuing to pursue a strategic review in parallel. PrimeStone's extensive private dialogue with big institutional shareholders in U.K. testing specialist Intertek point to broad support for allowing EQT to open the books, the investor says. Meanwhile, Intertek should continue preparations for a split of its energy-and-infrastructure business as a "Plan B", PrimeStone says. "We strongly urge the board to embrace a dual-track strategy, which represents the optimal, risk-adjusted path forward," PrimeStone says. "Opening the door to EQT does not mean abandoning the alternative." Intertek shares rise 7.2%, while EQT's stock falls 1.4%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

May 12, 2026 09:59 ET (13:59 GMT)

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Meanwhile, Intertek should continue preparations for a split of its energy-and-infrastructure business as a \"Plan B\", PrimeStone says. \"We strongly urge the board to embrace a dual-track strategy, which represents the optimal, risk-adjusted path forward,\" PrimeStone says. \"Opening the door to EQT does not mean abandoning the alternative.\" Intertek shares rise 7.2%, while EQT's stock falls 1.4%. 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PrimeStone's extensive private dialogue with big institutional shareholders in U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. testing specialist Intertek point to broad support for allowing EQT to open the books, the investor says. Meanwhile, Intertek should continue preparations for a split of its energy-and-infrastructure business as a \"Plan B\", PrimeStone says. \"We strongly urge the board to embrace a dual-track strategy, which represents the optimal, risk-adjusted path forward,\" PrimeStone says. \"Opening the door to EQT does not mean abandoning the alternative.\" Intertek shares rise 7.2%, while EQT's stock falls 1.4%. 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