Intertek shares jump 7% after Swedish firm EQT raises takeover offer to 5,800p per share

Intertek Group PLC shares surged over 7% following a third improved takeover bid from Swedish private equity firm EQT, offering 5,800p per share in cash. This latest offer values Intertek at a 54% premium over its price before the initial bid and follows a previous rejected offer of 5,400p per share. EQT emphasizes the offer provides certain and accelerated cash value, urging the board for prompt engagement. Intertek is also reviewing a potential spin-off of its Energy & Infrastructure division, which could lead to two standalone businesses.