EQT has submitted its "final offer" for Intertek, valued at £10.6bn including debt.

The offer for the FTSE 100 product testing and certification company is worth just over £61 per share, comprising £60 in cash per share and the final dividend of the 2025 full year of up to £1.07 per share, which Intertek shareholders may receive and retain if approved at the Intertek AGM on 20 May.

The cash consideration represents a 59% premium on Intertek’s closing share price on 9 April, when the Swedish private equity firm made its initial offer last month.

EQT said it believes that the final proposal delivers "certain and accelerated cash value" at a full valuation for Intertek shareholders, which is "superior to the range of outcomes" associated with Intertek’s standalone prospects.

The FTSE listed firm had previously rejected a number of proposals from EQT, stating that they undervalued the company and its future prospects.

EQT now has until 14 May to announce a firm intention to make an offer for Intertek.

Following the announcement, shares in Intertek increased by over 5%. Over the last month, the firm’s share price has jumped by 37%.

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