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.
Think about it: fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg. That speaks volumes.
The bigger issue here is fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg. That changes the calculation.
Basically 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. What matters is whether anything changes because of it.
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. Meanwhile fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg.
On one hand 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. But at the same time fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg.
The detail about fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg is something people should sit with.
Reading that fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg — hard to argue with the logic there.
The detail about 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 is something people should sit with.
The fact that 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 really puts things into perspective.
The bigger issue here is 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. That changes the calculation.
What stands out is fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg. That is the part worth paying attention to.
Reading that 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 — hard to argue with the logic there.
The fact that fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg really puts things into perspective.
If fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg, then the bigger picture starts to look very different.
Basically fTSE 100 business ‘minded to recommend’ £60-a-share tilt from company owned by billionaire Wallenberg. What matters is whether anything changes because of it.