NewMarket director increases stake in company with purchase of 252,941 shares

By Lisa Kerner

Charlotte, N.C., May 27 - NewMarket Corp. director Bruce C. Gottwald increased his stake in the company to 13.48% with the purchase of 252,941 shares on May 21, May 22 and May 23, according to a schedule 13D filing with the Securities and Exchange Commission.

The shares were priced from $66.25 to $68.70 each.

Gottwald beneficially owns about 2 million shares of the Richmond, Va., chemical company's stock.

The additional shares were purchased by Gottwald "to increase his beneficial interest in the issuer," which he believes is an attractive investment, the filing stated.

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