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Mexican authorities oppose Sherwin-Williams acquisition

12:55 PM MDT | July 18, 2013 | Vincent Valk

Sherwin-Williams (SW) says that Mexico’s competition commission has voted three to two against authorizing the company’s $2.34-billion acquisition of Comex, which was announced in November 2012. SW is “reviewing the rationale for the commission’s decision,” the company says. “We are disappointed by this decision, but remain hopeful that we can adequately address the commission’s objections and proceed with the transaction,” says SW chairman and CEO Christopher Connor. This morning, SW announced second-quarter...

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