Intertek shares jump 5% as EQT raises takeover bid to £9.4bn, offering £60 per share in cash.

Intertek Group PLC shares rose 5% after Swedish private equity firm EQT increased its takeover bid to £9.4 billion, offering £60 per share in cash. This offer represents a 59% premium over Intertek's share price before the bid and includes a potential dividend payout, valuing shares up to £61.077 each. EQT aims to swiftly move towards a recommended firm offer, with a deadline to confirm intentions by 5pm on May 13, 2026. The bid reflects growing private equity interest in London-listed companies trading below international peers' valuations.