Intertek (ITRK LN) reportedly primed to reject EQT’s latest GBP 10bln takeover bid, according to FT
- Co feels the GBP 58/shr offer still under values the company, although board likely to reject the offer, no final decision has been made, the FT reports citing sources
Context
Intertek appears set to reject EQT's GBP 10 billion takeover bid, indicating the offer does not meet their valuation expectations. This decision reflects confidence in Intertek's intrinsic value and could influence both investor sentiment and share pricing, particularly in the services and energy sectors. If the rejection is formalized, it may prompt a reevaluation of similar M&A propositions within the industry.
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