BUZZ-Intertek: testing & inspection M&A a possibility
** Intertek bounces after heavy losses sustained on oil price plunge as UBS (NYSEArca: FBGX - news) talks up possibility of co as M&A prey
** Intertek, the most heavily exposed to oil & gas of its peers, has lost a quarter of its value since mid-May peak; contrasts with respective drops of 19 pct & 9 pct at Bureau Veritas & SGS over period
** UBS says a combined Intertek/SGS (Other OTC: SGSOF - news) would diversify Intertek and get SGS the North America & oil & gas exposure it views as attractive in the long-term
** Potential interest from SGS mooted in press in 2009 http://bit.ly/1yvrrDL
** UBS says such a deal could lift Intertek 200-600p above broker's 2,600p PT
** Intertek second-busiest UK blue-chip stock, with all of daily avg volume gone through; SGS traded more than two thirds
** UBS moves rating on Intertek to "buy" for 1st time since 2009
** Deutsche Bank (Xetra: 514000 - news) also upgrades recommendation to "buy"; says much of likely oil & gas exposure weakness now priced (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)