Valspar shareholders approve sale
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.