• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Aerospace Coatings Market

    Energy Curing and Coil Coatings

    Lab/Testing Equipment Update

    High Performance and Special Effect Pigments

    The Wood Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    BASF Coatings Looks to Sell Coatings Business: Bloomberg News

    Two New Directors Add Expertise to ChemQuest Team

    Nor-Shipping Reaction from AkzoNobel

    BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France

    Pacific Coatings Show 2025 Issues Call for Papers
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Nor-Shipping Reaction from AkzoNobel

    Linseed Paint Expert Launches Online AIA Training Course

    The Powder Coating Institute Announces 2025 Hall of Fame Inductees

    Powder Coating Institute Announces Executive Director Kevin Coursin’s Retirement

    Behr Unveils Second Annual Commercial Color Forecast
    Additives
    Binders
    Pigments
    Solvents

    Münzing Expands U.S. Operations with New Production Facility in South Carolina

    Aditya Birla Acquires Cargill Specialty Chemical Facility in Georgia

    Evonik Coating Additives Launches TEGO Foamex 8051

    BASF Introduces Reactive Polyethylene Glycol Pluriol A 2400 I in Europe

    International Carbon Black Association Releases Industry-Average Product Carbon Footprint
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    WAB US Corp

    Patcham USA

    Vibrantz Technologies

    Gehring Montgomery Inc
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Coatings Expo Vietnam 2025

    West Africa Coatings Show

    ABRAFATI SHOW 2025

    Paint Bangladesh 2025

    Paint Expo Eurasia
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Siltech Corporation

    WAB US Corp

    Patcham USA

    Vibrantz Technologies

    Gehring Montgomery Inc
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Glossary
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Sherwin-Williams and Valspar Extend Term of Merger Agreement

    ...

    03.21.17
    The Sherwin-Williams Company  and The Valspar Corporation announced that they have extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, from March 21, 2017 to June 21, 2017.

    Sherwin-Williams previously reported in its 2016 year-end earnings release and 2016 Annual Report that it expected a divestiture would be required to gain approval from the Federal Trade Commission to complete the Valspar acquisition. As previously disclosed, the expected divestiture represents annual revenues well below the threshold of $650 million of Valspar 2015 revenues, such that the Valspar transaction is expected to be completed at a price of $113 per share.  At that time, Sherwin-Williams expected the divestiture and the Valspar transaction to be closed by the end of April 2017. 

    Sherwin-Williams no longer believes the divestiture will be completed, and the Valspar acquisition closed, by the end of April, and expects to provide more definitive timing for the divestiture and completion of the Valspar acquisition on its first quarter earnings conference call on April 20, 2017. The extension of the merger agreement to June 21, 2017 is intended to provide sufficient time to complete the Valspar acquisition.

    John G. Morikis, chairman, president and chief executive officer of Sherwin-Williams, said, “We continue to move forward on the divestiture of a single business that we believe will allow us to gain approval from the FTC, and we are in discussions with a number of prospective buyers. We remain confident in our ability to complete the divestiture at a fair price, and we look forward to unlocking the value of the combined business when the Valspar acquisition closes.”
    Related Searches
    • sherwin-williams
    • conference
    • merger
    • valspar
    Suggested For You
    Q&A: The ChemQuest Group Q&A: The ChemQuest Group
    Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition
    The Valspar Corporation Expands Production Capacity for Automotive Refinish Coatings The Valspar Corporation Expands Production Capacity for Automotive Refinish Coatings
    Valspar and ALPOLIC Provides Essential Elements for Extraordinary Residential Design Valspar and ALPOLIC Provides Essential Elements for Extraordinary Residential Design
    Valspar Case Study: Parking in Style at the College Football Hall of Fame Valspar Case Study: Parking in Style at the College Football Hall of Fame
    The Sherwin-Williams Company Commences Exchange Offers and Consent Solicitations The Sherwin-Williams Company Commences Exchange Offers and Consent Solicitations
    Valspar Case Study:Brigham Young University’s College of Life Sciences Building Showcases Renovation Valspar Case Study:Brigham Young University’s College of Life Sciences Building Showcases Renovation
    Axalta Coating Systems to Acquire Valspar Axalta Coating Systems to Acquire Valspar's North American Industrial Wood Coatings Business
    Valspar Case Study: Coated Metal Panels Add To Wavy Exterior At UC-Riverside Valspar Case Study: Coated Metal Panels Add To Wavy Exterior At UC-Riverside
    Valspar Announces Date for Fiscal 2017 First Quarter Results Valspar Announces Date for Fiscal 2017 First Quarter Results
    Valspar Declares Quarterly Dividend Valspar Declares Quarterly Dividend
     Pittsburgh’s East End Welcomes Luxury Apartment Coated in Valspar’s Fluropon Pittsburgh’s East End Welcomes Luxury Apartment Coated in Valspar’s Fluropon
    Seneca Foods, Valspar Debut valPure Can Linings in Flagship Libby Seneca Foods, Valspar Debut valPure Can Linings in Flagship Libby's Brand Canned Vegetables
    American Coatings Association Shares its Federal Priorities with Incoming Administration American Coatings Association Shares its Federal Priorities with Incoming Administration
    Coil Coatings Market Expected to be Worth $6.83 Billion by 2024 Coil Coatings Market Expected to be Worth $6.83 Billion by 2024

    Related Online Exclusives

    • Breaking News
      Q&A: The ChemQuest Group

      Q&A: The ChemQuest Group

      Coatings World interviews The ChemQuest Group and ChemQuest Technology Institute Directors, Karl Davenport and Pete Smith.
      Kerry Pianoforte, Editor 02.18.21

    • Breaking News | Paint & Coatings Manufacturer News
      Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition

      Sherwin-Williams Gets Regulatory Approval to Finalize Valspar Acquisition

      ...
      05.31.17

    • Valspar and ALPOLIC Provides Essential Elements for Extraordinary Residential Design

      Valspar and ALPOLIC Provides Essential Elements for Extraordinary Residential Design

      ...
      05.26.17


    • Automotive Refinish | Breaking News | Paint & Coatings Manufacturer News
      The Valspar Corporation Expands Production Capacity for Automotive Refinish Coatings

      The Valspar Corporation Expands Production Capacity for Automotive Refinish Coatings

      ...
      05.26.17

    • Valspar Case Study: Parking in Style at the College Football Hall of Fame

      Valspar Case Study: Parking in Style at the College Football Hall of Fame

      ...
      05.24.17

    Loading, Please Wait..
    Breaking News
    • BASF Coatings Looks to Sell Coatings Business: Bloomberg News
    • Two New Directors Add Expertise to ChemQuest Team
    • Nor-Shipping Reaction from AkzoNobel
    • BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France
    • Pacific Coatings Show 2025 Issues Call for Papers
    View Breaking News >
    CURRENT ISSUE

    May/June 2025

    • Aerospace Coatings Market
    • Energy Curing and Coil Coatings
    • Lab/Testing Equipment Update
    • High Performance and Special Effect Pigments
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe

    Latest Breaking News From Nutraceuticals World

    Gattefossé Opens New Facilities in Mumbai, India
    TSI Group Unveils myHMB + Vitamin D Logo
    Indena to Showcase Metabolic, Brain Health Solutions at In-Vitality 2024

    Latest Breaking News From Coatings World

    Two New Directors Add Expertise to ChemQuest Team
    Nor-Shipping Reaction from AkzoNobel
    BASF Starts Up New Plant for Hexamethylenediamine in Chalampé, France

    Latest Breaking News From Medical Product Outsourcing

    StimLabs's Umbilical Cord-Derived Wound Care Product Released in U.S.
    New Medical-Grade Bio-Based PVC Compounds Introduced
    Croívalve Reports 1st Tricuspid Coaptation Valve Implant in U.S. Feasibility Study

    Latest Breaking News From Contract Pharma

    Neurocrine Bioscience’s CRENESSITY Becomes Commercially Available in the U.S.
    Roche's Parkinson's Disease Drug Misses Primary Endpoint
    PTC Therapeutics Submits Vantiquinone NDA to FDA

    Latest Breaking News From Beauty Packaging

    Weekly Recap: Coty Sells SKKN, Henkel Recall, Awards, & More
    Rare Beauty to Host Pop-Up Event with Sephora UK
    Cloud Haircare Expands to Walmart Stores Nationwide

    Latest Breaking News From Happi

    Cosmetify Names Nikkie de Jager the World’s Most Powerful Beauty Influencer
    Big Lips in the Small Wonder
    L’Oréal’s Bioprinted Skin & Dove’s Deodorant Launch

    Latest Breaking News From Ink World

    BCF Sponsors Parliamentary Event to Engage with Policymakers
    Weekly Recap: DIC Corporation, BASF, Toyo Printing Inks Top This Week’s Stories
    INX International Launches Innova Plus NCF Nitrocellulose-Free Inks

    Latest Breaking News From Label & Narrow Web

    Mexico's Flexopolis adds second Bobst flexo press
    Paramount Labels installs Rotatek Brava 450
    Esko teams with Bobst for smartGRAVURE System

    Latest Breaking News From Nonwovens Industry

    Daio Paper Announces Exit from Turkish Market
    Hospeco Introduces Mopster 2.0
    CIDPEX Middle East to be Held in September

    Latest Breaking News From Orthopedic Design & Technology

    David Thordarson Takes Charge of American Orthopaedic Foot & Ankle Society
    UPM Biomedicals Launches FibGel Injectable Nanocellulose Hydrogel for Medical Devices
    ONWARD Medical Attracts €50 Million in Capital

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: DuPont, SEMI, Sun Chemical Top This Week’s Stories
    ORNL’s 3D-Printed Metal Molds Poised to Accelerate US Auto Manufacturing
    SRI, NSIC are Catalyzing Corporate Innovation in Japan

    Copyright © 2025 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login