Intertek (ITRK LN) rejects improved GBP 9.7bln takeover offer from EQT at GBP 54.00/shr, says offer fundamentally undervalues the co.

Intertek's rejection of EQT's GBP 9.7 billion takeover bid at GBP 54.00 per share highlights its view that the offer does not reflect the company's true value. This decision signals to the market that Intertek is confident in its growth prospects and may lead to further speculation about alternative offers or strategies in the sector, impacting valuations of similar firms.