PrimeStone Urges Intertek to Engage EQT Offer

Activist investor PrimeStone, holding ~0.5% of Intertek, called on the board to engage with EQT’s revised takeover bid.
EQT’s third revised proposal values Intertek at £8.93 billion, or £59.1 per share, which Intertek deemed undervalued and risky.
PrimeStone rejected Intertek’s £65 per share fair‑value assessment, demanding supervised due‑diligence access and a realistic valuation approach.
Intertek disclosed interest from undisclosed buyers for its energy and infrastructure unit amid the takeover discussions.