The Sherwin-Williams Company (NYSE:SHW) Files An 8-K Other Events

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The Sherwin-Williams Company (NYSE:SHW) Files An 8-K Other Events
Item 8.01. Other Events.

As previously disclosed, on March 19, 2016, The Sherwin-Williams Company (“Sherwin-Williams”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) among Sherwin-Williams, Viking Merger Sub, Inc., a wholly owned subsidiary of Sherwin-Williams (“Merger Sub”), and The Valspar Corporation (“Valspar”), to which, among other things and subject to the satisfaction or waiver of specified conditions, Merger Sub will merge with and into Valspar (the “Merger”).

Under Section 7.1(b) of the Merger Agreement, the Merger Agreement would have otherwise expired if the Merger had not occurred on or prior to 5:00 p.m. Eastern Time on March 21, 2017 (the “Original End Date”). On March 20, 2017, to Section 7.1(b) of the Merger Agreement, Sherwin-Williams and Valspar extended the Original End Date for a period of three months to June 21, 2017 (the “First Extended End Date”).

The completion of the Merger remains subject to customary conditions, including, without limitation, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended and the receipt of other required antitrust approvals. Subject to the satisfaction of these conditions, Sherwin-Williams expects to complete the Merger by the First Extended End Date.

 

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About The Sherwin-Williams Company (NYSE:SHW)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group segment manufactures and distributes a range of paint, coatings and related products. The Global Finishes Group develops, licenses and manufactures a range of protective and marine products, automotive finishes and refinish products, OEM product finishes and related products. The Latin America Coatings Group develops, licenses, manufactures and distributes a range of architectural paint and coatings, protective and marine products, OEM product finishes and related products.

The Sherwin-Williams Company (NYSE:SHW) Recent Trading Information

The Sherwin-Williams Company (NYSE:SHW) closed its last trading session down -0.58 at 311.55 with 383,000 shares trading hands.