Bid/Ask: Sher­win-Wil­liams’s grow­ing paint­box; Sotheby’s steps into Warhol’s footwear

$9.3b

Bloomberg Businessweek (Asia) - - CONTENTS -

Sher­win-Wil­liams takes a plunge with Valspar. Bring­ing the two paint brands to­gether is a big-box play. The deal, which may be sub­ject to an­titrust scru­tiny, will help Sher­win-Wil­liams get more cov­er­age in chain stores such as Lowe’s, as well as shops abroad. Cur­rently the paint­maker sells its brand only at its own stores, which tend to draw con­trac­tors, rather than the do-it-your­self crowd.

$13.6b

Mar­riott In­ter­na­tional raises its bid for Star­wood Ho­tels &

Re­sorts World­wide. Mar­riott in­creased its of­fer by $1.4 bil­lion to fend off a com­pet­ing bid from China’s An­bang In­sur­ance Group.

$5.5b

IHS merges with Markit. The com­bined data and an­a­lyt­ics gi­ant will be based in Lon­don, help­ing U.S.-based IHS lower its tax rate.

$2.7b

Dalian Dayang Trands snags a courier. The Chi­nese ap­parel maker is buy­ing YTO Ex­press, an Alibaba-backed com­pany buoyed by Asia’s boom­ing e-com­merce mar­ket.

$1.7b

Sun Com­mu­ni­ties ex­pands its mo­bile home and RV lot

port­fo­lio. The real es­tate in­vest­ment trust will ac­quire all out­stand­ing shares of com­peti­tor Care­free Com­mu­ni­ties.

$1.6b

Wil­bur Ross buys Nexeo So­lu­tions. The bil­lion­aire in­vestor’s hold­ing com­pany is now in the busi­ness of sell­ing plas­tic resins and chem­i­cals.

$702m

Premier Foods re­jects a bid from U.S. spice maker McCormick. The Bri­tish man­u­fac­turer of Mr. Kipling cakes plans to team up with Ja­panese Ra­men gi­ant Nissin Foods.

$421k

An Andy Warhol shoe se­ries sells at Sotheby’s. The 16 lith­o­graphs of shoes, ti­tled A La Recherche du Shoe Perdu; And

Shoe and Leg, dates to circa 1955.

By Kyle Stock

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