Intertek stock trades below EQT cash offer as deal spread and forecasts frame upside
Intertek Group plc traded like a merger-arbitrage stock on Monday, not a fresh earnings story. The shares were quoted at 5,810p to sell and 5,815p to buy after the London close, down 10p, or 0.17%, with volume of 1.15 million shares. The FTSE 100 slipped 0.1% to 10,663.68. The live question is the gap to EQT AB’s cash. Under the recommended offer, Intertek shareholders receive £60.00 in cash and keep the FY25 final dividend of 107.7p a share. That dividend went ex on May 28 and was payable on June 24, so a buyer now is mainly looking at the spread to the £60 cash leg, not the old £61.077 headline value.