High-Stakes Moves and Power Struggles in Global Business

The Financial Times highlights key stories involving major business moves and power dynamics. Scottish Mortgage defends its SpaceX valuation, Hayek family battles shareholder activism at Swatch, Delivery Hero's CEO steps down, and EQT makes a final offer for Intertek amid shareholder pressure. These events signify ongoing high-stakes business maneuvers worldwide.

The Financial Times has outlined significant developments in the business world, touching on valuations, leadership changes, and corporate takeovers.

Scottish Mortgage Investment Trust stands by its $1.25 trillion valuation of SpaceX, diverging from the $1.75 trillion sought by Elon Musk's venture in an anticipated major IPO. Meanwhile, Swatch shareholders, steadfast in loyalty to the Hayek founding family, rejected activist investor Steven Wood's bid for board entry.

In related news, Delivery Hero CEO Niklas Oestberg resigns amid strategic review demands from shareholders, illustrating the pressures on leadership amidst corporate introspection. Additionally, EQT has tabled a final £10.6 billion offer for Intertek, putting the testing company at a pivotal decision point under intensifying shareholder scrutiny.