Britain's Intertek rejects EQT's $12-billion takeover bid

Intertek rejected EQT AB’s sweetened £8.93 billion ($12.12 billion) takeover proposal, saying the bid undervalued the company and carried high execution risk. The decision signals management’s view that the offer does not reflect Intertek’s intrinsic value, which may temper takeover expectations in the near term.

Analysis

Intertek rejected EQT AB’s sweetened £8.93 billion ($12.12 billion) takeover proposal, saying the bid undervalued the company and carried high execution risk. The decision signals management’s view that the offer does not reflect Intertek’s intrinsic value, which may temper takeover expectations in the near term.