(Il Sole 24 Ore Radiocor) - Milano, 8 mag - The Intertek, UK inspection, product testing and certification company, said that its board rejected a revised 58.00 pounds per share in cash offer from the Swedish investment fund EQT.

EQT had previously offered 51.50 pounds and 54.00 pounds per share in cash, offers which were rejected by the board of Intertek.

"The board of Intertek has carefully reviewed the further revised proposal with its advisers and unanimously concluded that it significantly undervalues Intertek and its future prospects and there is significant execution risk given its conditional nature. Accordingly, the Intertek board unanimously and unequivocally rejected the further revised proposal on 8 May 2026," the UK company said.

Intertek said that it board "continues to firmly believe that the strategic review announced on 14 April to evaluate the potential separation, either through a sale or demerger, of Intertek Energy & Infrastructure from Intertek Testing & Assurance (the "Strategic Review") presents a significant value creation opportunity for Intertek shareholders." The board believes that a separation following the review "would create two high-quality global ATIC businesses with a strong historical operational and financial track record and compelling opportunities for further growth.," it added.

The review and separation "are capable of being carefully managed with a view to maximising the value creation to shareholders and minimising value leakages" and "while a separation following the Strategic Review could be either through a sale or a demerger, the board of Intertek is prioritising a sales-led process and Intertek has already received an encouraging level of interest from potential.

buyers of Intertek Energy & Infrastructure."

(RADIOCOR) 08-05-26 08:47:34 (0174) 5 NNNN