Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC
WASHINGTON Paint-maker Sherwin-Williams has won U.S. antitrust approval to buy U.S. rival Valspar Corp , the Federal Trade Commission said on Friday.
TOKYO Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu KK said on Tuesday that they have signed a deal to form a business alliance ahead of Idemitsu's takeover of Showa Shell.
Under the deal, the companies will cooperate more closely on crude purchases and transportation as well as production plans, they said in a statement.
The closer cooperation will result in cost savings of at least 25 billion yen ($220.59 million) within three years.
The companies said they will still achieve costs savings of 50 billion within five year of the full integration of the two business. The full merger has been delayed indefinitely due to opposition from Idemitsu's founding family.
($1 = 113.3300 yen)
(Reporting by Osamu Tsukimori; Editing by Christian Schmollinger)
MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.