In today’s briefing:
- Hitachi Metals (5486) Gets SAMR Clearance, Finally. So Now We Can Sell.
- 83: Initial Thoughts On Sherwin-Williams (SHW)
Hitachi Metals (5486) Gets SAMR Clearance, Finally. So Now We Can Sell.
- Today before the open, China’s State Administration for Market Regulation (SAMR) finally announced the approval of the takeover of Hitachi Metals (5486 JP). This was what delayed things.
- The approval had actually been issued on 7 September, and the collected approvals in the week to the 12th were announced today. Some media outlets had the info yesterday.
- I expect it is likely that the Bain Tender Offer to buy Hitachi Metals will be announced today after the close, or at latest, early next week.
83: Initial Thoughts On Sherwin-Williams (SHW)
- I’m currently working on the September issue of Watchlist Deep Dives, which features Sherwin-Williams.
- My research process is primary-sources focused and that means reading lots of 10K’s, which include a report from the company’s auditors.
- I was surprised to see that Ernst & Young had served as SHW’s auditor since 1908.
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