Business
EQT Raises Takeover Bid For Intertek Again
Swedish buyout group EQT said Tuesday that it submitted an improved takeover proposal for Intertek, valuing the provider of testing, inspection and certification services at 8.93 billion pounds ($12.08 billion).
In the new offer, the private-equity company values Intertek at 58 pounds a share in cash, or a 54% premium to its closing price on April 9, the day before the initial proposal was submitted. The proposal values the company as a whole at 8.93 billion pounds, based on share-count data provided by LSEG.
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