EQT Raises Bid for UK Testing Firm Intertek to £8.9 Billion

EQT AB has raised its bid for Intertek Group Plc to about £8.9 billion ($12.1 billion), advancing its effort to acquire the British product-testing company. The private equity firm submitted a proposal at £58 per share in cash, a move Bloomberg Terminal reported Tuesday as part of a determined takeover approach. Intertek Group Plc, a long-standing player in quality assurance, remains a focal point for consolidation in the sector as EQT intensifies its bids to secure a deal.