Bid/Ask: Sherwin-Williams’s growing paintbox; Sotheby’s steps into Warhol’s footwear
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.
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.
IHS merges with Markit. The combined data and analytics giant will be based in London, helping U.S.-based IHS lower its tax rate.
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.
Sun Communities expands its mobile home and RV lot
portfolio. The real estate investment trust will acquire all outstanding shares of competitor Carefree Communities.
Wilbur Ross buys Nexeo Solutions. The billionaire investor’s holding company is now in the business of selling plastic resins and chemicals.
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.
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.