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Sherwin-Williams is denied Comex takeover

Friday, July 19, 2013

Sherwin-Williams's bid to acquire Mexican paint maker Comex was rejected by Mexico’s antitrust regulator.

The transaction, valued at $2.4 billion, would have given the combined company the ability to set artificially high prices, the Federal Competition Commission said.

It added the company would have a market share of up to 58 percent.

Source: Bloomberg