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FEDERAL TRADE COMMISSION v. WILHELMSEN et al
Case Number:
1:18-cv-00414
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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July 23, 2018
Marine Chemical Co. Drops $400M Deal After FTC Trial Win
Wilhelmsen Maritime Services AS said that it has abandoned its planned purchase of Drew Marine Group Inc. after the Federal Trade Commission won a preliminary injunction from a D.C. federal court preventing the $400 million deal from moving ahead.
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June 18, 2018
FTC Wraps Trial Warning Marine Cos. Set For Monopoly
The Federal Trade Commission urged a D.C. federal judge Monday to block the world's largest marine chemical supplier from buying its closest rival for $400 million, saying during closing arguments that no one else is either capable of filling the competitive gap the deal would create or interested in doing so.
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June 13, 2018
Merging Marine Chemical Co. Easily Replaced, Expert Says
The smaller of two marine chemical suppliers looking to complete a $400 million merger under challenge by the Federal Trade Commission can be easily replaced, leaving little risk of post-merger price increases, an economist testified for the companies Wednesday in a D.C. federal court bench trial.
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June 11, 2018
Marine Chemical Co. CEO Says Merger Won't Raise Prices
A senior executive for the Norwegian marine chemical supplier looking to buy its New Jersey rival defended the proposed merger, under challenge by the Federal Trade Commission, in D.C. federal court Monday by denying any plans to raise prices and arguing the FTC has defined the market all wrong.
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June 08, 2018
FTC Expert Disputes Marine Cos.' Cost Claims In Merger Row
An expert witness for the Federal Trade Commission in its effort to block a marine goods merger said Friday in D.C. federal court that consumer benefits touted by the companies from the proposed transaction are either unverifiable or not relevant to the deal.
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May 29, 2018
Shippers Say Merger Would Limit Source For Vital Chemical
Procurement officials for a pair of global shipping firms told a D.C. federal judge during the first day of a bench trial Tuesday that a proposed $400 million marine supply merger would leave them with just one option to purchase water treatment chemicals and services that are crucial to fleet maintenance.