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Wilhelmsen-Drew Marine deal would cause estimated $14-23 million in harm, economist testifies for FTC

Economist Aviv Nevo testified Thursday for the Federal Trade Commission that his analysis finds the proposed Wilhelmsen-Drew Marine transaction would lessen competition in the market for marine water treatment chemical products and related services to global fleets, leading to $14 million to $23 million in harm.

The harms would not be offset by entry of new competition, expansion of existing competitors or the efficiencies the companies say they will gain with the deal, he said. Nevo, a former Department of Justice chief economist who appeared at...

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