Deals
Rolls-Royce Talks to Take Over Waertsilae Have Ceased
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Rolls-Royce Holdings Plc, the second-largest maker of aircraft engines, said it has ended talks to take over Finland’s Waertsilae Oyj to boost non-aerospace sales. Waertsilae jumped the most in more than two years.
Rolls-Royce “confirms that it has been in preliminary discussions” with Waertsilae on a possible offer, and “those discussions are no longer continuing,” the London-based company said in a statement, after Bloomberg News reported yesterday that it was exploring an approach. Waertsilae also said that talks to buy all of the company are no longer active.