An investigation on behalf of investors of The Valspar Corp (NYSE:VAL) in connection with the proposed takeover was announced and NYSE:VAL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/11/2016 -- An investigation for shareholders in The Valspar Corp (NYSE:VAL) was announced concerning whether the takeover of The Valspar Corp. by The Sherwin-Williams Company for $113 per share is unfair to NYSE:VAL stockholders.
Minneapolis, MN based The Valspar Corporation is engaged in developing, manufacturing and distributing a range of coatings, paints and related products.
Investors who purchased shares of The Valspar Corp (NYSE:VAL) and currently hold any of those NYSE:VAL shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of The Valspar Corp (NYSE:VAL breached their fiduciary duties owed to NYSE:VAL investors in connection with the proposed acquisition.
On March 20, 2016, The Sherwin-Williams Company (NYSE: SHW) and The Valspar Corporation (NYSE: VAL) announced that they have entered into an agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, or an enterprise value of approximately $11.3 billion.
However, the investigation concerns whether the offer is unfair to NYSE:VAL stockholders. More specifically, the investigation concerns whether the Valspar Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
The Valspar Corp reported that its Total Revenue rose from $292.50 million for the 52 weeks period that ended on October 26, 2010 to$399.51 million for the 52 weeks period that ended on October 30, 2015.
Shares of The Valspar Corp (NYSE:VAL) grew from $29.54 per share in August 2011 to as high as $88.05 per share in February 2015.
On April 7, 2016, NYSE:VAL shares closed at $106.95 per share.
Those who are current investors in The Valspar Corp (NYSE:VAL) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com