business / news / / Financial Post
Some top investors in Intertek Group PLC are pushing the British product-testing company to engage with private equity suitor EQT AB.
PineStone Asset Management, Intertek's third-largest shareholder, urged the board to open talks with EQT.
KEY POINTS
- EQT raised its offer for Intertek to £58 per share, totaling roughly £8.9 billion.
- Intertek has rejected several EQT takeover bids and prefers pursuing a potential breakup.
- Some shareholders want the board to engage with EQT if the offer reaches £60 per share or more.
- Intertek reported strong buyer interest in its Energy & Infrastructure unit during its ongoing strategic review.
COMPANIES
Summarized by Newsio from Financial Post. How we summarize →