Sherwin-Williams' Acquisition of Valspar Delayed From April to June; Maintaining FVEs
Sherwin-Williams announced that its acquisition of Valspar will be delayed to June 2017 from the previously expected target of the end of April. To gain approval from the Federal Trade Commission, Sherwin-Williams is required to complete a divestiture representing annual revenue below the $650 million threshold that triggers a change in the acquisition price. While we had expected that a divestiture of this size would be necessary for regulatory approval, given the combined company’s large prese...
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