MINNEAPOLIS, June 29, 2016 /PRNewswire/ -- The Valspar
Corporation 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 (NYSE: SHW). The transaction is expected to close by the
end of Q1 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.
Valspar: If it matters, we're on it.®
Valspar is a global leader in the coatings industry providing
customers with innovative, high-quality products and value-added
services. Our 11,100 employees worldwide deliver advanced
coatings solutions with best-in-class appearance, performance,
protection and sustainability to customers in more than 100
countries. Valspar offers a broad range of superior coatings
products for the consumer market, and highly-engineered solutions
for the construction, industrial, packaging and transportation
markets. Founded in 1806, Valspar is headquartered in Minneapolis. Valspar's reported net sales in
fiscal 2015 were $4.4 billion and its
shares are traded on the New York Stock Exchange (symbol:VAL). For
more information, visit www.valspar.com and follow @valspar on
Twitter.
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SOURCE Valspar