The owners of Pegasus were ecstatic that their $4 million investment won the biggest horse race in the world, but soon after they received an offer they just couldnât refuse. The Coolmore Group offered $70 million for Pegasus who ran just a few more races after the investment.
Latex Enamel Paint. The first latex house paint -- a water-based paint -- was introduced by the Sherwin-Williams paint company in 1941. Most paint professionals still preferred the durability of oil-based or alkyd paints.
Save. Latex and acrylic paint are similar in that both are made from an acrylic resin. Their development in the 1950s and 1960s offered an alternative to alkyd and oil paints, both of which required to be diluted with mineral spirits or other flammable solvents, whereas the newer paints could be diluted with water.