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Sherwin-Williams closes purchase of Valspar

The Sherwin-Williams Company on June 1 completed its deal to acquire Valspar Corp. for a transaction value of $11.30 billion.

The company offered $113 per share for the stake.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Citigroup Inc. and J.P. Morgan Securities LLC were the financial advisers for Sherwin-Williams, and Davies Ward Phillips & Vineberg LLP, Jones Day and Weil Gotshal & Manges LLP were the legal advisers.

Bank of America Merrill Lynch International Ltd., Merrill Lynch Pierce Fenner & Smith Inc. and Goldman Sachs Group Inc. were the financial advisers for Valspar, while Stikeman Elliott LLP and Wachtell Lipton Rosen & Katz LLP were the legal advisers.