FTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg family
The laboratory testing company Intertek has become the latest FTSE 100 business to agree to a takeover, backing a £10.6bn approach from a private equity firm owned by Sweden’s billionaire Wallenberg family.
After rebuffing three previous approaches, Intertek’s board said it was “minded to recommend” the £60-a-share tilt from the Swedish buyout firm EQT to shareholders, if there is a firm offer.
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This article was originally published by The Guardian and written by Julia Kollewe.
Read original article on The Guardian