Deutsche Bank Downgrades Valspar (VAL) to Hold

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Go back to Deutsche Bank Downgrades Valspar (VAL) to Hold

The Sherwin-Williams Company To Acquire Valspar For $113.00 Per Share In Cash Or $11.3 Billion

March 20, 2016 1:00 PM EDT

CLEVELAND and MINNEAPOLIS, March 20, 2016 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) and The Valspar Corporation (NYSE: VAL) today announced that they have entered into a definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, or an enterprise value of approximately $11.3 billion.  At $113 per share, the transaction, which has been unanimously approved by the Boards of Directors of both companies, represents a premium of approximately 41% to Valspar's volume weighted average price for the 30 days up to and including March 18,... More