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Intertek Group Rejects EQT's Revised Offer

Provided by Dow Jones Apr 24, 2026, 7:19:00 PM

By Josh Beckerman

Intertek Group rejected EQT again, saying the private equity firm's higher buyout offer fundamentally undervalues Intertek and its future prospects.

EQT's revised bid valued Intertek at 8.31 billion pounds ($11.24 billion). The price was increased to GBP54 a share from GBP51.50.

The inspection, product testing and certification company's shares closed Friday at GBP48.10, down 0.7%.

Intertek said April 16 that it rejected the previous offer and reported the sweetened bid on Wednesday.

The company said April 14 that it began a strategic review to evaluate the potential separation of Intertek Energy & Infrastructure.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

April 24, 2026 15:19 ET (19:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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