Will acquire competitor for $113 per share or $11.3 billion. Deal expected to close Q1 2017.
The Sherwin-Williams Company (NYSE: SHW) and The Valspar Corporation (NYSE: VAL) announced that they have entered into an agreement for Sherwin-Williams to acquire Valspar for $113 per share in an all-cash transaction, or an enterprise value of approximately $11.3 billion.
The transaction has been unanimously approved by the Boards of Directors of both companies and, at $113 per share, represents a premium of approximately 41 percent to Valspar’s volume weighted average price for the 30 days up to and including March 18.
According to
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.