Swedish private equity firm EQT AB has significantly increased its bid to acquire British testing firm Intertek, raising the offer to approximately £8.93 billion ($12 billion). This latest proposal comes after Intertek previously rejected EQT's earlier offers, citing concerns that the valuations undervalued the company.
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EQT Sweetens Intertek Bid to $12 Billion After Rejection
Swedish private equity firm EQT AB has raised its acquisition bid for Intertek to around £8.93 billion ($12 billion). This marks the third offer in three weeks, following rejections of previous bids by Intertek. While Intertek's stock rose following the news, it remains significantly below EQT's new proposed price of 58 pounds per share. EQT stated the enhanced offer provides accelerated cash value for shareholders, contrasting with Intertek's current plans to potentially split its operations.
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