There are likely to be changes coming in the paint aisle of your local home improvement center.
On Sunday, Sherwin-Williams (SHW) announced plans to acquire Valspar (VAL) in a deal totaling $11.3 billion, inclusive of debt. Cleveland-based Sherwin-Williams will pay Minneapolis-based Valspar $113 a share, which represents a 41% premium to Valspar’s volume-weighted average price over the last 30 days.
