Paint manufacturers BP and Sherwin - Williams have postponed their merger until 21 June 2017 , with 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 occur after a divestiture of a section of Valspar ’s portfolio before approval could be granted . “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 acquisition could be $ 700 in revenue , though the divestiture is likely to be less than the $ 650 m made in revenue in 2015 .
Paint manufacturers BP and Sherwin - Williams have postponed their merger until 21 June 2017 , with 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 occur after a divestiture of a section of Valspar ’s portfolio before approval could be granted . The acquisition could be $ 700 in revenue , though the divestiture is likely to be less than the $ 650 m made in revenue in 2015 .