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Sherwin-Williams buying rival Valspar for $9 billion

2016-03-21 23:33:24| Chemicals - Topix.net

Sherwin-Williams, which has long claimed to "cover the Earth" with its paints, is buying rival Valspar for about $9 billion in a move that it says will expand its reach in Asia and Europe. Sherwin-Williams said Sunday that it is paying $113 a share in cash, a 35 percent premium to the closing price of Valspar's stock Friday.

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Category:Chemicals

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