Swedish private equity firm EQT sweetens Intertek bid to $12 billion

EQT AB raised its bid for Britain's Intertek to about £8.93 billion ($12 billion) after Intertek rejected earlier offers as too low. The higher offer signals continued acquisition interest and could support Intertek's valuation, though the outcome remains uncertain until the company responds. The news is primarily deal-specific and should mainly affect EQT and Intertek shares.

Analysis

EQT AB raised its bid for Britain's Intertek to about £8.93 billion ($12 billion) after Intertek rejected earlier offers as too low. The higher offer signals continued acquisition interest and could support Intertek's valuation, though the outcome remains uncertain until the company responds. The news is primarily deal-specific and should mainly affect EQT and Intertek shares.