Top 5 News that Sticks
For Second Consecutive Week, Sherwin-Williams’ Acquisition News Garners Most Reader Interest
Readers were most interested in news about Sherwin-Williams’ acquisition again last week.
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
