The Guardian Australia – Business
·business
·2 hours ago
Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT
Intertek's board agreed Wednesday to back a £10.6bn takeover by Swedish private equity firm EQT, owned by the Wallenberg family, at £60 per share. The FTSE 100 laboratory testing company rejected three previous bids ranging from £51 to £58 per share before accepting the latest offer, pending shareholder approval. The deal reflects investor pressure to sell the London-listed business.
Summary by Glance · The Guardian Australia – Business
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