EQT gets deadline extension for Intertek takeover offer
By Michele Maatouk
Date: Thursday 11 Jun 2026
(Sharecast News) - Intertek said on Thursday that the 'put up or shut up' deadline for EQT to make a takeover offer has been extended as the Swedish private equity firm needs more time for due diligence.
The inspection, product testing and certification group announced last month that it had received a £9.4bn takeover proposal from EQT that it would be minded to recommend. The final offer from EQT was £60 per share, up from £58 in cash. Once the final dividend of 107.7p per share is included, the total value is £61.077 per share.
"Further to that announcement, EQT's due diligence and the agreement of definitive transaction documentation have been progressed over the last four weeks," it said on Thursday. "EQT has requested a short period of additional time to complete its confirmatory due diligence and governance processes."
As a result, Intertek requested and has been granted a further extension to the deadline by which EQT must either make a firm offer or walk away. The Swedish firm, which previously had until the end of play on Thursday, now has until 1700 BST on 18 June.
"A further announcement will be made as and when appropriate," Intertek said.
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