Sherwin-Williams To Acquire Valspar In Deal Valued At $11.3 Billion

By Markets MarketWatch Pulse

Sherwin-Williams said Sunday that it has reached a deal to acquire paint-industry rival Valspar in a deal it valued at $11.3 billion. Sherwin-Williams , based in Cleveland, said it would pay $113 in cash for each share of Valspar, whose headquarters are in Minneapolis. Valspar's stock closed Friday at $83.83 and notched a 52-week high of $88.17 in November. The companies said they will host a conference call Monday at 8 a.m. Eastern time to further detail the transaction.

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