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Mergers & AcquisitionsMediumUpdated×3•Originally published 6 May 2026•Updated 8 May 2026•

1 min read

Intertek Officially Rejects 8.93 Billion Pound Takeover Bid from EQT

Key Facts

1Britain's Intertek is set to reject a sweetened 58-pound-per-share takeover offer from EQT.

2The Financial Times reported the potential rejection citing people familiar with the matter.

Britain's Intertek has officially rejected a third takeover approach from Swedish private equity firm EQT AB, valued at 8.93 billion pounds. The board stated that the 58 pounds per share offer significantly undervalues the company, particularly as it moves forward with plans to break up the group into two separate entities. Following the rejection, Intertek's share price dropped 6% to 4,747p as investors reacted to the news. The board justified its decision by citing high execution risks and a firm belief in the group's independent strategic path. Intertek remains committed to its ongoing strategic review aimed at driving long-term shareholder value. This latest development highlights the persistent valuation gap affecting UK-listed companies despite repeated acquisition attempts.

27 days ago

Version History

Version 327 days ago

What changed: Added details on the 6% share price drop, noted this was the third approach by EQT, and included the new information regarding the planned corporate break-up.

Version 227 days ago

What changed: Confirmed the rejection of a sweetened offer and highlighted Intertek's commitment to its internal strategic review.

Version 127 days ago

What changed: Updated the story from a reported preparation to reject the bid to an official rejection by the board, including the total valuation figure and concerns over execution risk.