Deutsche Bank Downgrades Valspar (VAL) to Hold
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Longbow Research Downgrades Valspar (VAL) to Neutral
March 22, 2016 11:36 AM EDTLongbow Research earlier downgraded Valspar (NYSE: VAL) from Buy to Neutral.
For an analyst ratings summary and ratings history on Valspar click here. For more ratings news on Valspar click here.
Shares of Valspar closed at $103.22 yesterday.
... MoreRBC Capital Upgrades Valspar (VAL) to Sector Perform
March 21, 2016 7:26 AM EDTRBC Capital upgraded Valspar (NYSE: VAL) from Underperform to Sector Perform with a price target of $113.00.
For an analyst ratings summary and ratings history on Valspar click here. For more ratings news on Valspar click here.
Shares of Valspar closed at $83.83 yesterday.
... MoreKeyBanc Downgrades Sherwin-Williams (SHW) to Sector Weight
March 21, 2016 6:58 AM EDTKeyBanc downgraded Sherwin-Williams (NYSE: SHW) from Overweight to Sector Weight and removed its price target. The change follows news it plans to acquire Valspar Corp. (NYSE: VAL).
Analyst Ivan M. Marcuse said, "While we like... More
Sherwin-Williams paint company to buy Valspar for $9.3 billion
March 20, 2016 1:55 PM EDT(Reuters) - The Sherwin-Williams Co (NYSE: SHW) has agreed to acquire rival U.S. paint company Valspar Corp (NYSE: VAL), the companies said on Sunday, in an all-cash deal valued at about $9.3 billion.
Sherwin-Williams will pay $113 a share, or a premium of about 41 percent to Valspar's volume weighted average price for the 30 days through March 18, they said in a statement.
Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69.
Sherwin-Williams said the deal had "an enterprise value of about $11.3 billion."... More
Sherwin-Williams (SHW) Enters Agreement ot Acquire Valspar (VAL) in ~$11.3B Deal
March 20, 2016 1:08 PM EDTThe Sherwin-Williams Company (NYSE: SHW) and The Valspar Corporation (NYSE: VAL) 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, 2016.
Sherwin-Williams and Valspar have highly complementary paints and coatings offerings and this... More
