Lost Coast urges Intertek accept £60 bid

Lost Coast Collective LLC, holding ~1.2% of Intertek, urged the board to engage with EQT’s £60 per‑share take‑private proposal.
The shareholder argues the offer values shares at £61.08 with dividend, representing superior risk‑adjusted value versus Intertek’s break‑up plan.
Intertek’s shares trade about 17% below EQT’s offer, with the market pricing the break‑up plan in the mid‑40s per share.
Lost Coast criticizes Intertek’s failure to grow organically at global GDP rate over a decade and shareholder losses despite a bull market.