EQT Eyes Third Bid for Intertek Following Previous Rejections

EQT AB is preparing to submit an improved acquisition offer for Intertek Group Plc, according to sources familiar with the matter. The Swedish private equity giant is seeking to acquire the UK-based product testing and certification firm, which is listed on the London Stock Exchange. The pursuit comes after Intertek's board declined two previous attempts by EQT to secure the company. The persistence of the Swedish firm suggests a strong strategic conviction in the value of Intertek's global testing operations. While the specific financial terms of the potential new bid have not been disclosed, sources indicate that EQT is currently evaluating the appropriate valuation to make the offer more attractive to Intertek's shareholders and board members. Market participants are expected to monitor the situation closely. A successful third bid would typically require a significant premium over the current market price to overcome previous rejections, potentially triggering a rally in Intertek's share price.