WOW...Sherwin-Williams to Acquire Valspar for $11.3 Billion

The Sherwin-Williams Company and The Valspar Corporation announced that they have entered into a definitive agreement under which Sherwin-Williams will acquire Minneapolis-based Valspar for $113 per share in an all-cash transaction, or an enterprise value of about $11.3 billion, which includes debt and equity. The transaction, which has been unanimously approved by the boards of directors of both companies, represents a premium of approximately 41 percent to Valspar's volume weighted average price for the 30 days up to and including March 13, they said in a statement