We study the phenomenology of color-octet scalars in the (8, 2)1/2
representation in the context of the 3.2\sigma excess, in the dijet invariant
mass spectrum of the W+jj final state, recently observed by the CDF
collaboration. We consider the region of parameter space with a sizable mass
splitting between the charged and neutral color-octet scalars and consistent
with electroweak precision data. We implement the principle of Minimal Flavor
Violation (MFV) in order to suppress FCNC currents and reduce the number of
free parameters. The excess in the W+jj channel corresponds to the charged
current decay of the heavier neutral octet scalar into its lighter charged
partner which decays into the two jets. In the MFV scenario, the production of
the neutral color-octet is dominated by gluon fusion due to the Yukawa
suppression of production via initial state quarks. As a result, no visible
excess is expected in the \gamma+jj channel due to Yukawa and CKM suppression.
Contributions to the Z+jj final state are suppressed for a mass spectrum where
the decay of the heavier color-octet to this final state is mediated by an
off-shell neutral color-octet partner. MFV allows one to control fraction of
bottom quarks in the final state jets by a single ratio of two free parameters.Comment: 14 pages, 6 figures, typos corrected, references added, text and
figures modified in some places for better clarity, version to appear in
Physics Letters