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Intertek Rejects £7.93 Billion Buyout, Shares Surge 14%

4/16/2026

30 7 Full Breakdown

Summary

Story summary

Intertek rejects EQT AB's buyout proposal valuing the company at about £7.93 billion ($10.74 billion).
EQT AB offered £51.5 per share, a 36.6% premium over Intertek's closing price before the bid.
Following the announcement, Intertek's shares rose 14% to £49.58.
Intertek plans to explore separating its two businesses to boost growth and shareholder returns.

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Story summary

Intertek rejects EQT AB's buyout proposal valuing the company at about £7.93 billion ($10.74 billion).
EQT AB offered £51.5 per share, a 36.6% premium over Intertek's closing price before the bid.
Following the announcement, Intertek's shares rose 14% to £49.58.
Intertek plans to explore separating its two businesses to boost growth and shareholder returns.