UK laboratory testing company Intertek is under pressure to engage with a private equity bidder after refusing their third offer worth more than £10billion.
Top shareholders want the board to talk to Swedish suitor EQT after it ‘unanimously and unequivocally rejected’ an approach worth £58 per share.
Sign of the times: Intertek is under pressure to engage with a private equity bidder after refusing their third offer worth more than £10billion
Intertek said it had ‘reviewed the further proposal with advisers and unanimously concluded it significantly undervalues Intertek and future prospects’.
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