10:15 AM EDT, 06/26/2024 (MT Newswires) -- (Updates with Robert Bosch's comments in third paragraph. Updates stock move in the fourth paragraph.)

German appliance and engineering products maker Robert Bosch is considering an acquisition of Whirlpool (WHR), Reuters reported Wednesday, citing unnamed sources familiar with the matter.

The company has an estimated market capitalization of $4.8 billion. The sources told Reuters it remained unclear whether Bosch would make an offer for the firm.

A Robert Bosch spokesperson told MT Newswires in reply to a request for comment that the company doesn't comment on market rumors.

Whirlpool shares were rising almost 13% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 98.15, Change: +11.12, Percent Change: +12.78