Waertsilae has announced that it has reached agreement with the Board of Hamworthy plc, the UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy.Under the terms of the acquisition Hamworthy shareholders will receive 825p in cash for each Hamworthy share, valuing the company's entire issued and to be issued share capital at approximately £383M. The acquisition is conditional on the approval by the shareholders of Hamworthy and is expected to be closed during the first quarter in 2012. The acquisition is subject to relevant regulatory approvals in Germany and Norway.
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