Statement by FTC Bureau of Competition Acting Deputy Director Haidee L. Schwartz on the U.S. District Court’s Grant of a Preliminary Injunction and Announcement from Wilhelmsen Maritime Services that It will Abandon Acquisition of Drew Marine Group

Following a U.S. District Court ruling granting the Federal Trade Commission’s request for a preliminary injunction against Wilhelmsen Maritime Services’ proposed $400 million acquisition of Drew Marine Group, Wilhelmsen has announced that it will abandon the transaction. In response, FTC Bureau of Competition Acting Deputy Director Haidee L. Schwartz issued the following statement: “The U.S. […]