Valspar share­hold­ers ap­prove sale

The Daily Herald - - HERALD BUSINESS JOURNAL -

Share­hold­ers of Valspar Corp. ap­proved the sale of the paint-mak­ing firm to the larger Sher­win-Wil­liams Wed­nes­day dur­ing a spe­cial share­hold­ers meet­ing held in down­town Min­neapo­lis. The vote and meet­ing, run by Valspar’s Gen­eral Coun­sel Rolf Engh, gave one of two ap­provals needed to fi­nal­ize the deal, worth an es­ti­mated $11.3 bil­lion. The deal still must be ap­proved by fed­eral reg­u­la­tors, who have al­ready re­quested at least two rounds of ad­di­tional in­for­ma­tion so it can eval­u­ate an­titrust con­cerns. Share­hold­ers of Sher­win Wil­liams do not need to vote on the deal.

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