EQT Presses Intertek for a Final Time as eBay Faces Potential Proxy Fight
Updated
Updated · Bloomberg · May 12
EQT Presses Intertek for a Final Time as eBay Faces Potential Proxy Fight
1 articles · Updated · Bloomberg · May 12
Intertek and its activist investors were at the center of fresh UK deal news, with EQT making what was framed as a final test of the testing company’s resolve.
That pressure points to a late-stage standoff over whether Intertek will engage with EQT, as activists keep scrutiny on the company’s strategic options.
The broader deal backdrop also widened to eBay, where developments suggested the stage could be set for a proxy fight.
Together, the updates underscored a busy morning for shareholder activism and dealmaking pressure on both sides of the Atlantic.
With EQT's final £9.4B offer expiring, will activist pressure force Intertek's board to finally sell the company?
Is Intertek's potential sale another sign that London's stock market is losing its best companies to private equity?