Valspar Shareholders Approve Proposed Transaction With Sherwin-Williams

(RTTNews) - Valspar Corp. announced that at the Company's Special Meeting of Shareholders held earlier today, Valspar shareholders voted to approve the Company's proposed acquisition by The Sherwin-Williams Company (SHW).

The transaction is expected to close by the end of first-quarter calendar year 2017, and remains subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act and regulatory approvals in various other jurisdictions.

In March 2016, Paint company Sherwin-Williams Co. (SHW) said it has agreed to buy rival Valspar Corp. (VAL) for an enterprise value of $11.3 billion.