Intertek Group plc Unsponsored ADR (IKTSY)
National Grid, Intertek and Kingfisher drag on FTSE in busy ex-dividend day
National Grid PLC (LSE:NG.), Associated British Foods PLC (LSE:ABF) and Kingfisher PLC (LSE:KGF) are among the companies acting as a drag on the FTSE 100 on Thursday, as part of a busy batch of blue-chip stocks trading ex-dividend.
Intertek shares surge as board signals readiness to back £10.6bn EQT takeover bid
Shares in Intertek Group PLC (LSE:ITRK), the FTSE 100 quality assurance and testing group, rose 7.3% to 5,687p after the board said it would be minded to recommend a deal valuing the business at £10.6 billion. The £60 a share proposal, received on Monday, is EQT's fourth and final approach and follows rejected bids of £51.50, £54.00 and £58.00 per share.
Intertek shares jump 5% as EQT ups bid to £9.4bn
Shares in Intertek Group PLC (LSE:ITRK), the FTSE 100 testing and certification company, rose 5% to 5,227 pence in early trading after EQT, the Swedish private equity group, submitted what it described as a final and improved indicative proposal worth up to £9.4 billion. EQT is offering £60 per share in cash, up from a third increased bid of £58 per share submitted on 5 May, which Intertek's board rejected three days later.
Intertek rejects third EQT takeover approach at £58 per share as break-up plan advances
Shares in the FTSE 100 testing and certification group fell 6% to 4,747p after the board dismissed the latest bid as significantly undervaluing the company. Intertek Group PLC (LSE:ITRK), the FTSE 100 quality assurance and testing company, has unanimously rejected a third takeover approach from private equity firm EQT, valuing the business at £58 per share in cash, as its board presses ahead with plans to split the group in two.
Intertek Rejects Sweetened $12.1 Billion Offer From EQT
Intertek rejected the improved proposal from buyout group EQT, saying that it undervalues the company and it remains committed to a strategic review.
Britain's Intertek rejects EQT's $12-billion takeover bid
Britain's Intertek rejected a sweetened 8.93 billion pound ($12.12 billion) takeover proposal from Swedish private equity firm EQT AB on Friday, saying it undervalued the product testing company and carried high execution risk.
Intertek surges on third offer from Swedish private equity firm EQT
Intertek Group PLC (LSE:ITRK) shares jumepd over 7% to 5,156p sharply after private equity firm EQT submitted an improved 5,800p per share cash proposal to acquire the company. The approach, which is the Swedish firm's third, values the testing and inspection group at a 54% premium to its closing price of 3,770p on 9 April, before the initial bid was made.
UK's Intertek gets sweetened proposal from private equity firm EQT, FT reports
Swedish private equity firm EQT AB has submitted an improved takeover proposal for Intertek , valuing the British product testing firm at 9.7 billion pounds ($13.10 billion), the Financial Times reported on Wednesday.
Intertek split in two 'could unlock material upside', says UBS
Intertek Group PLC (LSE:ITRK) could unlock significant value after a better-than-expected rebound in trading and a proposed break-up of the business, according to analysts. UBS analysts said the group's unscheduled update showed organic growth recovered to a "good" level of 5.4% in the first quarter, a clear improvement on the weak 1.9% seen at the end of 2025.
Intertek demerger could unlock value, says Panmure Liberum
Intertek Group PLC's (LSE:ITRK) potential plan to split the business into two could unlock a higher valuation for its core testing and inspection businesses, according to Panmure Liberum. The FTSE 100 group launched a strategic review on Tuesday to evaluate a potential split of its Energy & Infrastructure division from its Testing & Assurance arm.
Intertek Group plc (IKTSY) Q1 2026 Sales/Trading Call Transcript
Intertek Group plc (IKTSY) Q1 2026 Sales/Trading Call Transcript
UK product testing firm Intertek weighs break up, shares jump
British product testing and certifications group Intertek is considering splitting into separate energy/infrastructure and testing/assurance businesses, it said on Tuesday, sending its shares as much as 14% higher.
