Paint manufacturers Valspar and Sherwin-Williams have postponed their merger until 21 June 2017, citing further time needed to meet regulator’s requirements. “We remain confident in our ability to complete the divestiture at a fair price, and we look forward to unlocking the value of the combined business when the Valspar acquisition closes.” The Federal Trade Commission is likely to require that the purchase of Valspar at $113 per share would need to come after a divestiture of a section of Valspar’s portfolio before approval could be given. In an interview with Bloomberg News, Mr Trump said he was “very happy” about the deal but added it had been done in “a short period of time”.
Paint manufacturers Valspar and Sherwin-Williams have postponed their merger until 21 June 2017, citing further time needed to meet regulator’s requirements. The Federal Trade Commission is likely to require that the purchase of Valspar at $113 per share would need to come after a divestiture of a section of Valspar’s portfolio before approval could be given. In an interview with Bloomberg News, Mr Trump said he was “very happy” about the deal but added it had been done in “a short period of time”.