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Mexico's Federal Competition Commission has blocked Sherwin Williams' (SHW -8.4%) $2.34B...

Mexico's Federal Competition Commission has blocked Sherwin Williams' (SHW -8.4%) $2.34B acquisition of paint company Consorcio Comex in a deal that the American company said would boost its presence in the U.S. West Coast and Canada, as well as in Mexico. Sherwin Williams plans to appeal, and remains "hopeful that we can adequately address the Commission's objections and proceed with the transaction." (Q2 earnings)
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