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Comex Mexico files suit against Sherwin-Williams over deal termination

11:45 AM MDT | May 16, 2014 | Vincent Valk

Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The company has asked the International Chamber of Commerce (ICC) to arbitrate the dispute, in which Comex alleges that SW did not make enough effort to close the transaction. The suit will be seeking an unspecified amount of damages for an alleged breach of the agreement, the report says. SW terminated the deal in early April, after a waiting period, since Mexican antitrust authorities twice...

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