UK takeover panel extends deadline for EQT takeover of Intertek

Intertek

11/06/2026 07:44

    June 11 (Reuters) - British product testing firm Intertek ITRK.L said on Thursday the UK takeover panel has extended a deadline to June 18 for the £9.4-billion ($12.6 billion) bid by Swedish private equity firm EQT AB EQTAB.ST.
Intertek has been one of the much sought-after targets among a growing list of British firms approached by private equity firms, as their relatively lower valuations have made them attractive buyout targets.
Here are some details on the deal talks:
Intertek said last month it was ready to recommend the £60 per-share in cash takeover proposal if an offer was to be tabled by EQT. It had earlier rejected three proposals on valuation concerns. 
The fourth proposal is at a 40% premium to Intertek's closing price on April 15, the day before EQT made its first approach public.
The deal would be Britain's third-largest private equity takeover ever behind the acquisitions of British airports operator BAA Plc in 2006 and pharmacy chain owner Alliance Boots in 2007, according to LSEG data.
Intertek, which helps companies ensure their products, operations and supply chains meet quality, safety and sustainability standards, had previously outlined plans to explore a splitof its two businesses to drive growth and boost shareholder returns.

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 (Reporting by Yamini Kalia, Ankita Bora, Prerna Bedi and Simone Lobo in Bengaluru; Editing by Subhranshu Sahu)
 ((Yamini.Kalia@thomsonreuters.com))