Intertek Stock Slips Under EQT’s £60 Offer as Traders React
Intertek Group shares lost ground Tuesday, with the FTSE 100 testing specialist trading below Swedish private equity firm EQT’s possible £60 per share cash bid. Investors are watching for what happens next in what could be one of London’s biggest possible buyouts this year. Intertek shares were at 5,505p to sell and 5,510p to buy, off 40p, or 0.72%, on lagged Hargreaves Lansdown figures. The FTSE 100 was flat, down 0.03%. Intertek’s market cap was about £8.46 billion.