Intertek agrees £9.5 billion takeover by Swedish investor EQT

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โดย Yahoo Finance UK·Read original

Summary · why it matters

Laboratory testing company Intertek has agreed to a £9.5 billion takeover by Swedish investor EQT. London-listed Intertek accepted a £61.08-a-share bid, a 62% premium to its share price before EQT's first approach, after rebuffing three earlier proposals. The deal values Intertek at £10.9 billion including debt and adds to a wave of UK companies being acquired by foreign buyers, following recent takeovers of Tate & Lyle, Evoke, Beazley, and Schroders. EQT plans to keep Intertek's headquarters in London and will conduct a year-long review of the business, with potential workforce reductions that it does not expect to be material.