Swedish Private Equity Firm EQT Raises Bid for Intertek to $12 Billion
Swedish private equity firm EQT AB has raised its bid for British product testing company Intertek to 58 pounds per share, valuing the company at approximately $12 billion. Intertek's shares surged 9.6% following the announcement, though they remain below the new offer price. This is the third bid EQT has made in three weeks after Intertek previously rejected earlier offers as undervalued.
Tickers: $EQT
Topics: Corporate Strategy M&A Private Equity Stock Price Movement Takeover