Intertek (ITRK LN) reportedly primed to reject EQT’s latest GBP 10bln takeover bid, according to FT

Intertek appears set to reject EQT's GBP 10 billion takeover bid, indicating the offer does not meet their valuation expectations.

Newsquawk StaffPublished 6 May 2026, 17:51 UTCOn the live feed at 17:31 UTC, 20 minutes before this page

Newsquawk headlinesUTC

18:05

US President Trump optimistic about framework with Iran, Fox reports; on timeframe for Iran, says one week

17:52

IDEX (IEX) raises quarterly dividend to USD 0.73/shr (prev. USD 0.71/shr)

17:31

Intertek (ITRK LN) reportedly primed to reject EQT’s latest GBP 10bln takeover bid, according to FT

17:27

US President Trump reiterates we are going to get enriched Uranium from Iran

17:16

Fed's Goolsbee (2027 voter) says if people pull forward future expected earnings for spending today, it could easily overheat the economy

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

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

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.

Equities · last 90 days

Recent headlines that moved markets

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

Modest downside seen across equity futures as energy prices tick higher.

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

EQUITIES/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

ES, after we published−0.2%

EQUITIES/26 Aug · 12:56 UTC

States and Meta (META) and agree to settle claims that platforms harmed children, according to a court filing; Meta agrees to pay a maximum of USD 16.68bln to states as part of deal

Market, after we published+2.6%

EQUITIES/8 Sept · 11:48 UTC

AstraZeneca (AZN LN) says Phase III tozorakimab data in COPD showed a 29%-34% reduction in exacerbations.

Market, after we published+1.0%

EQUITIES/7 Sept · 10:54 UTC

Saudi Aramco Jizan oil facilities were reportedly hit in new strikes, the FT reports citing sources; hit on Monday, damage is being assessed.

Equity indices, after we published−0.1%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.