Intertek Group (LSE:ITRK) told investors it is reviewing EQT's Final Proposal with its financial and legal advisers and will make a further announcement in due course
Earlier today EQT announced its final proposal to acquire Intertek for £60.00 per share, to be paid in cash. The proposal, received on 11 May, follows earlier EQT approaches of £51.50, £54.00 and £58.00 per share that the Intertek board previously rejected.
Under the Final Proposal Intertek shareholders would be entitled to retain the final dividend of up to 107.7p per share for the 2025 financial year, subject to approval at the Annual General Meeting on 20 May, with no reduction to the £60.00 cash consideration.
EQT must by 5.00 p.m. on 14 May either announce a firm intention to make an offer or announce that it does not intend to, with the deadline extendable with the panel's consent.
