Sherwin-Williams to Buy Valspar in $9.3 Billion Paint Deal

March 20, 2016 5:56 PM

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Sherwin-Williams to Buy Valspar in $9.3 Billion Paint Deal

Sherwin-Williams Co., the largest U.S. paint retailer, said it agreed to buy rival Valspar Corp. for about $9.3 billion.

Sherwin-Williams will pay $113 a share in an all-cash transaction, the companies said Sunday in a statement. The price is about 41 percent higher than Valspar’s volume-weighted average price for the 30 days through March 18, according to the statement. Valspar closed on Friday at $83.83.

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