Intertek Urges Board on £59.1 EQT Offer

PrimeStone Capital LLP, holding ~0.5% of Intertek, publicly urged the board to engage with EQT’s £59.1 per share takeover proposal.
EQT’s bid represents roughly a 55% premium to the undisturbed share price and exceeds the £58 sum‑of‑parts valuation from major banks.
PrimeStone flagged governance concerns, citing Steve Mogford’s upcoming chairmanship and seven directors holding less than annual board fees in Intertek shares.
The firm noted Intertek has underperformed peers SGS and Bureau Veritas on total shareholder return during the CEO’s 11‑year tenure.