American’s Comex Bid Denied Again

American’s Comex Bid Denied Again

Mexico US M&A

Mexican antitrust regulators have denied an appeal to Sherwin-Williams in its quest to acquire Consorcio Comex, Sherwin says, meaning the acquisition isn’t authorized. The US paint maker “is considering all options, including whether to refile with the [Mexican Competition] Commission.” The parties agreed last year on the $2.34bn sale of all of Comex, before regulators challenged the Mexican portion in July. Officials were concerned about the ability to set artificially high prices in Mexico. In

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial