Tag: Valspar corp

Acquisition drives Valspar and Starwood hotel uphill

VAL– The Valspar Corporation – develops, manufactures and sells coatings, paints and related products. The stock price saw a rise of 27.4% pre-market today.

VAL- The Valspar Corporation

Fundamentals Previously closed at 83.83
Day’s high 84.96
Day’s low  83.53
P/E ratio 19.65
EPS 4.27

 

Analysts opinion There has been a definitive agreement that The Sherwin-Williams Company (SHW) will acquire the Valspar Corporation. SHW will pay $11.3 Billion, or $113 per share in an all-cash transaction. This has been approved by the boards of both the companies, an announcement by VAL said today. However, in case divestitures are required, the companies have agreed to a price of $105 in cash.
Sentiments Due to the news, VAL prices rose 27% pre-market. It may surge upto $113. Investors have bullish sentiments for the stock.
Social Pulse The stock has 18% lower social chatter than usual.

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