Acquisition expected to close June 1. Valspar announces refinish production expansion
The Sherwin-Williams Company (NYSE:SHW) announced it has received regulatory approval from the United States Federal Trade Commission (FTC) and the Canadian Competition Bureau (CCB) to complete its acquisition of The Valspar Corporation (NYSE: VAL). The FTC and CCB were the only remaining regulatory approvals required to close the acquisition. Sherwin-Williams expects to close the acquisition on June 1 subject to customary closing conditions.
Sherwin announced it was acquiring Valspar in March 2016 in a deal valued at $11.3 billion.
The FTC and CCB raised concerns that the acquisition, as