Intertek Group (LSE:ITRK) shares surged, rising 6.5% to 5,303.1p, after EQT submitted a final indicative proposal to acquire the company at up to £61.077 per share.
The proposal comprises £60.00 in cash per share plus the FY25 final dividend of up to 107.7p per share, if approved, follows EQT’s earlier £58.00-per-share increase on 5 May which Intertek’s board rejected on 8 May. And represents a 59% premium to the closing price on 9 April and a 61% premium to the one‑month VWAP on 9 April, rising to up to 62% and 64% respectively if the dividend is paid, EQT noted.
EQT described the offer as delivering "certain and accelerated cash value at a full valuation" for Intertek shareholders and said the financial terms are final subject to competitive or Panel-driven exceptions and to adjustments tied to any subsequent distributions.
