Intertek Stock Gains as EQT’s £60 Takeover Deadline Puts Deal Risk Back in Focus
Intertek closed Friday at 5,660p, up 1.89%, about 6% below EQT’s £60-a-share proposal. The UK Takeover Panel extended EQT’s deadline to make a firm offer to June 18. EQT’s bid remains unchanged, with Intertek still entitled to pay its 107.7p final dividend. Reuters reported the possible £9.4 billion deal would be among Britain’s largest private equity takeovers.