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Rolls-Royce bid for Wärtsilä stalls

Rolls-Royce bid for Wärtsilä stalls
Wärtsilä has rejected a takeover offer from Rolls-Royce and there are no ongoing discussions between the two engine and equipment manufacturers.

In announcements reacting to media speculation about a possible sale, Wärtsilä and Rolls-Royce both admitted a preliminary offer was sent and that the Wärtsilä board evaluated the approach as it is obligated to do.

Both companies trace their marine histories back to the 1830s and are no strangers to acquisition, with examples including Wärtsilä's 2012 purchase of engineering firm Hamworthy and Rolls-Royce's £1bn acquisition spree in 1999 which included Vickers Plc, parent company of Ulstein.

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