Palliser Builds Intertek Stake as EQT Presses Takeover Target After Multiple Bids
Updated
Updated · Bloomberg · May 11
Palliser Builds Intertek Stake as EQT Presses Takeover Target After Multiple Bids
1 articles · Updated · Bloomberg · May 11
Palliser Capital has amassed a stake in Intertek Group, adding activist pressure on the British product-testing company after it rejected several takeover offers from EQT.
Intertek is coming under increasing pressure to engage with EQT, according to people familiar with the matter, as the private equity firm continues to pursue the London-listed target.
The move inserts a UK activist investor into a live takeover standoff, potentially raising scrutiny on Intertek’s resistance and its response to EQT’s approach.
Is activist Palliser Capital paving the way for EQT's takeover or plotting its own revolution at Intertek?
What is Intertek's secret plan to outperform an £8.9 billion bid after repeatedly rejecting private equity giant EQT?