The Sherwin-Williams Co. and The Valspar Corp. recently announced that they have entered into a definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, or an enterprise value of approximately $11.3 billion. The transaction, which was unanimously approved by the Boards of Directors of both companies, reportedly represents a premium of approximately 41% to Valspar’s volume weighted average price for the 30 days up to and including March 18.

The transaction reportedly enhances Sherwin-Williams’ position as a premier global coatings provider. The combined company would have pro forma 2015 revenues and adjusted EBITDA (including estimated annual synergies) of approximately $15.6 billion and $2.8 billion, respectively, with approximately 58,000 employees.

Top 5 News that Sticks for March 27-April 2

1. Sherwin-Williams to Acquire Valspar for $11.3 Billion  (#1 last week)

2. ChemQuest Names Abrams Director of Business Development

3. Engineering Adhesives Boost H.B. Fuller’s First Quarter 2016 Revenue

4. BASF Completes Intermediate Capacity Expansion

5. Thomas Named Maroon Group Account Manager