The $9.3 billion merger of Sherwin-Williams (NYSE: SHW) and Valspar (NYSE: VAL) may be in trouble with antitrust regulators. A report by The New York Post said the Federal Trade Commission is looking for more concessions than the paint makers have offered, and considering the degree to which the consolidation would concentrate paint suppliers for big box retailer Lowe’s (which has neither endorsed or opposed the deal), the pricing power the combined company would have might be too great for the regulator to accept. …read more
Read more here: Is Sherwin-Williams’ Bid for Valspar in Trouble?
Category: SHW, VAL, LOW