Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT
The Guardian World ·
The laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg …
The laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg family. After rebuffing three previous approaches , Intertek’s board said it was “minded to recommend” the £60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there is a firm offer. The deal is worth £10.6bn including debt, or £9.4bn without. …
Original source: The Guardian World