Intertek Group: EQT Takeover Comes At A Sane Valuation
Intertek Group has accepted a takeover bid from EQT, which offers a 10% premium on its shares. The valuation aligns with that of its peer, SGS, and reflects a fair market price. The deal is expected to receive board and shareholder support, reducing potential downside risks.
- ▪Intertek Group accepted a takeover bid from EQT at a 10% premium.
- ▪The offer aligns Intertek's valuation with peer SGS.
- ▪The deal reflects a fair 12x EV/EBITDA and 22-23x PE.
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