Intertek Investors Likely to Vote in Favor of EQT Deal -- Market Talk

Dow Jones05-13 17:14

0912 GMT - Intertek investors would likely vote in favor of EQT's buyout proposal, RBC Capital Markets's Karl Green and Andrew Brooke say in a research note. The U.K. testing specialist said its board would be inclined to recommend the final proposal from EQT of 60 pounds a share in cash and a dividend of up to 107.7 pence a share, if an offer is formalized on these terms. In light of the takeover proposal and of Intertek's breakup plans, preserving the status quo seems the least likely option, RBC says. Still, RBC cuts its recommendation on Intertek to sector perform from outperform, saying the stock is trading close to the price of EQT's final offer and there's no guarantee that a firm offer will follow through. Intertek shares jump 6.8% to 56.60 pounds, while EQT rises 0.5%. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

May 13, 2026 05:14 ET (09:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment