FTSE 100’s Intertek rejects sweetened £10bn bid from EQT Markets Board of the testing firm unanimous is saying 5,800p price tag ‘undervalues’ the group FTSE 100 constituent Intertek has rejected the latest bid for the testing company from Swedish private equity firm EQT, saying the £10bn, 5,800p-per-share offer “significantly undervalues” the group. Friday’s rebuttal was the third consecutive knock-back, following previous cash offers at 5,150p [...]
Intertek shares rocket as Swedish private equity firm hikes bid for the company Business Shares in laboratory testing company Intertek rocketed in morning trading on Tuesday after Swedish private equity firm EQT launched a fresh £8.9bn bid for the company. The stock jumped 7.4 per cent to £51.61p, with shares up 13.3 per cent since the start of the year, after the Swedish firm proposed its third offer to [...]
Mark Kleinman: AA float needs smart pricing to avoid breakdown Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Here’s a candidate for toughest IPO mandate in the City: return the venerable AA, the UK’s biggest breakdown recovery service, to the public markets roughly five years after it was taken private for a fraction of [...]
Intertek reports revenue growth as companies put a bigger focus on quality, safety and sustainability March 5, 2024 Laboratory testing group Intertek is riding its highest like-for-like revenue posting in a decade