Lab testing group Intertek to back £10.6bn takeover by Swedish firm EQT

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.