ASR Exec Defends Tough Stance On Energizer Offer

Law360, New York (September 29, 2010, 7:23 PM EDT) -- Energizer Holdings Inc.’s bid to acquire bankrupt American Safety Razor Company LLC grew more hostile Wednesday, as the besieged debtor put one of its executives on the stand to justify the company’s stance that Energizer would have to commit to closing the deal regardless of the outcome of an antitrust review.

In testimony before the U.S. Bankruptcy Court for the District of Delaware, ASR Chief Financial Officer J. Andrew Bolt said that merely submitting an antitrust filing in connection with the Energizer bid would have caused...
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