Brief: Wilhelmsen Abandons Acquisition Of Drew Marine In US

Wilh Wilhelmsen Holding ASA

23/07/2018 05:57

July 23 (Reuters) - Wilh Wilhelmsen Holding ASA  WWI.OL :
    * US DISTRICT COURT FOR THE DISTRICT OF COLUMBIA WILL GRANT
THE
FTC MOTION FOR AN INJUNCTION TO BLOCK WILHELMSEN'S ACQUISITION
OF DREW MARINE TECHNICAL SERVICES
    * WILHELMSEN AND DREW HAVE AGREED TO ABANDON THE
TRANSACTION.
    * WILHELMSEN AND DREW HAVE AGREED ON A TERMINATION FEE OF
USD 20
MILLION WHICH WLL HAVE A NEGATIVE NON-RECURRING EFFECT ON
WILHELMSEN'S Q2

Source text for Eikon:  ID:nObipZHk7a 
Further company coverage:  WWI.OL 

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