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The world's largest industrial coatings giant is about to be born

 Last Update: 2021-08-14
 Source: Internet
 Author: User

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On March 20th, US local time, Sherwin-Williams announced plans to acquire Valspar for approximately $11.
3 billion, including debt
.
The combined operating income of the two parties in 2015 is approximately US$15.
6 billion, which will surpass the US$15.
3 billion of industrial coatings leader PPG Industries
.
This also means that the world's largest industrial coatings new giant is about to be born
.

It is understood that the purchase price of $113 per share is about 35% higher than Valspar’s closing price on March 18, which is a 41% premium to Valspar’s average share price in the past 30 days (as of March 18)
.
The value of the transaction is equivalent to 16 times Valspar’s 2015 Ebitda (earnings before interest, taxes, depreciation and amortization) of approximately US$700 million
.
The transaction has been unanimously approved by the boards of directors of the two companies
.
Both companies are listed on relevant U.
S.
stock exchanges
.

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