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Mergers & AcquisitionsMedium•24 April 2026•

1 min read

Intertek Rejects Sweetened 54-Pound-Per-Share Takeover Bid from EQT AB

Key Facts

1British firm Intertek rejected a revised 54 pound-per-share takeover bid from Swedish private equity group EQT AB.

2Intertek stated the proposal fundamentally undervalued the company and its future prospects.

British testing and certification firm Intertek has formally rejected a revised takeover proposal from the Swedish private equity group EQT AB. The sweetened bid, valued at 54 pounds per share, was deemed insufficient by Intertek's board of directors. In an official statement, the company maintained that the proposal fundamentally undervalues its intrinsic worth and long-term growth prospects. This rejection highlights the ongoing tension between UK-listed firms and private equity buyers seeking to capitalize on current market valuations. Analysts suggest that Intertek's firm stance may either force EQT to further increase its offer or risk the collapse of the deal entirely. Market participants are now closely monitoring the situation for any potential counter-offers or further strategic developments.