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Marine Chemical Co. CEO Says Merger Won't Raise Prices

Law360, Washington (June 11, 2018, 8:23 PM EDT) -- 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.

Wilhelmsen Maritime Services AS' Bjørge Grimholt, president and CEO of its Wilhelmsen Ships Service unit, said that, if anything, prices may have to be lowered after the $400 million acquisition of Drew Marine Group Inc., an argument...
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Case Title

FEDERAL TRADE COMMISSION v. WILHELMSEN et al


Case Number

1:18-cv-00414

Court

District Of Columbia

Nature of Suit

Anti-Trust

Judge

Tanya S. Chutkan

Date Filed

February 23, 2018

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