EQT Raises Bid Again for UK Testing Firm Intertek

EQT AB raised its takeover offer for Intertek Group Plc to roughly £9.2 billion ($12.5 billion) as the private equity firm seeks to overcome repeated rejections from the UK product testing business.

The Swedish firm on Tuesday offered £60-a-share in cash for Intertek, according to a statement, bumping its previous bid by £2 a share. EQT is also proposing to pay each shareholder a dividend of up to £1.077, as announced by Intertek in March.