India, May 13 -- Intertek Group plc (ITRK.L) on Wednesday said its board has received a final conditional takeover proposal from EQT at £60 per share in cash, after rejecting earlier bids of £51.50, £54.00 and £58.00 per share.
After reviewing the proposal with its advisers and engaging with shareholders, Intertek's board said it would be willing to recommend the offer if EQT makes a formal bid on the same financial terms and both sides agree on the final deal conditions and documentation.
The proposed offer would also allow Intertek shareholders to retain the fiscal 2025 final dividend of up to 107.7 pence per share, once approved at the company's annual general meeting on May 20, 2026.
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