Intertek has agreed to a £10.6 billion takeover by Swedish private equity firm EQT, ending a protracted negotiation period. The deal, valued at £60 per share, will see the testing and assurance company depart the FTSE 100.
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EQT Agrees to Acquire Intertek for £10.6 Billion
IN SHORT
Intertek has agreed to a £10.6 billion takeover by Swedish private equity firm EQT, ending a protracted negotiation period. The deal, valued at £60 per share, will see the testing and assurance company depart the FTSE 100.
Frequently asked questions
The total value of the takeover offer from EQT for Intertek is approximately £10.6 billion.
EQT offered £60 per share for Intertek.
EQT made a total of four offers for Intertek, with the latest one being accepted.
Intertek will depart the FTSE 100 and delist from the London Stock Exchange as a result of the takeover.
What Happens Next
01The takeover deal is expected to be finalized.
02Intertek will delist from the London Stock Exchange.
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EQT Agrees to Acquire Intertek for £10.6 Billion