Intertek Group PLC shares surged about 10% on April 16, 2026, after its board rejected a takeover proposal from EQT AB.
EQT confirmed the rejection and must declare a firm intention to make an offer by May 14, 2026 under UK takeover rules.
Intertek, a UK‑based quality assurance and testing provider, gave no details on the proposal terms or reasons for turning it down.
Market participants view the price jump as signaling possible improved offer from EQT or emergence of other bidders within the regulatory timeline.