$VAL (The Valspar Corporation)

$VAL {{ '2016-05-24T12:12:16+0000' | timeago}} • Announcement

$VAL said combination of $SHW and $VAL will create significant value for its customers, employees and other stakeholders. $VAL is confident this transaction will accelerate many of operating initiatives already underway. $VAL continues to work closely with $SHW to obtain necessary approvals to seamlessly close this transaction.

$SHW {{ '2017-06-02T13:08:24+0000' | timeago}} • Announcement

$SHW completed the acquisition of Valspar Corp, creating a market leader in paint and coatings. $VAL shareholders will receive $113 per share in cash. Following the deal, Valspar common stock ceased trading and will be delisted from the NYSE. $SHW expects the transaction to be immediately accretive to earnings and to raise its operating cash flow.

$SHW {{ '2017-06-02T13:01:28+0000' | timeago}} • Announcement

$SHW said it completed divestiture of the assets related to the North American Industrial Wood Coatings business of $VAL to $AXTA for $420MM in cash. Sherwin-Williams divested the unit following regulatory reviews, by the United States Federal Trade Commission and the Canadian Competition Bureau, of the company’s acquisition of Valspar Corp.

$SHW {{ '2017-05-26T20:35:52+0000' | timeago}} • Announcement

$SHW received regulatory approval from the United States Federal Trade Commission and the Canadian Competition Bureau to complete its acquisition of $VAL. $SHW expects to close the acquisition on June 1, 2017, subject to customary closing conditions.

$VAL {{ '2017-05-25T21:02:12+0000' | timeago}} • Announcement

$VAL expanded production capacity of its automotive refinish coatings products at its Garland, Texas and Pittsburgh, Pennsylvania manufacturing facilities. Expansions at the Garland and Pittsburgh sites represent a $10MM project. The added production capacity will result in a 200% increase in output of automotive refinish brands.

$VAL {{ '2017-05-19T20:57:23+0000' | timeago}} • Announcement

$VAL's BoD declared a quarterly dividend of $0.37 per share on its common stock. The dividend is payable on June 8, 2017, to shareholders of record as of the close of business on June 1, 2017. If the earlier announced merger of $VAL with a subsidiary of $SHW becomes effective on June 1, 2017, the dividend will not be paid.

$SHW {{ '2017-04-12T12:54:17+0000' | timeago}} • Announcement

$SHW and $VAL entered into a definitive agreement with $AXTA to sell the assets related to Valspar’s North American Industrial Wood Coatings business to Axalta for $420MM in cash. Axalta secured a financing commitment for the transaction through Deutsche Bank AG New York Branch.

$VAL {{ '2017-03-23T15:11:27+0000' | timeago}} • Announcement

$VAL said it will implement a price increase in Asia to offset a significant rise in raw material costs. The price increase will be effective April 1, 2017, or as contracts and agreements allow. Details of the price increases will be communicated directly to customers.

$SHW {{ '2017-03-21T13:40:17+0000' | timeago}} • Announcement

$SHW and $VAL extended the termination date of the definitive agreement under which Sherwin-Williams will acquire Valspar for $113 per share in an all-cash transaction, from Mar. 21, 2017 to Jun. 21, 2017.

$VAL {{ '2017-02-16T16:01:45+0000' | timeago}} • Announcement

$VAL's BoD declared a quarterly dividend of $0.37 per share on the company's common stock. The dividend is payable on March 8, 2017, to shareholders of record on March 1, 2017.

$VAL {{ '2016-12-20T12:59:53+0000' | timeago}} • Announcement

$VAL said it paid a quarterly dividend of $0.33 per common share outstanding, or $26MM during 4Q16. The company paid dividends of $105MM, representing a per share increase of 10% for FY16.

$VAL {{ '2016-12-20T12:59:44+0000' | timeago}} • Announcement

$VAL's Coatings segment sales decreased 2% to $626MM, hurt by foreign currency translation effects of 2%. EBIT fell 11% to $109MM, driven by the impact of price, higher employee-related costs and lower sales. Paints segment sales fell 7% to $421MM and EBIT fell 21% to $44MM, hurt by lower sales impact and higher employee-related costs.

$VAL {{ '2016-12-20T12:59:16+0000' | timeago}} • Announcement

$VAL posted 4Q16 earnings of $103.6MM, or $1.27 per diluted share, up 1% from a year ago. Net sales decreased 4% to $1,106MM, hurt by effects of foreign currency translation of 1%. Total volumes decreased 2%, Coatings segment volume increased 2% and Paints segment volume decreased 7%.

$VAL {{ '2016-11-17T21:14:31+0000' | timeago}} • Webcast

$VAL's BoD declared a quarterly dividend of $0.37 per share on its common stock. The dividend is payable on Dec. 15, 2016 to shareholders of record on Dec. 1, 2016. The payment represents a 12% increase and markets the 39th consecutive year it has increased the dividends.

$VAL {{ '2016-09-07T12:37:56+0000' | timeago}} • Announcement

$VAL's net sales in Paints segment for 3Q16 rose slightly from last year. This includes effects of foreign currency translation that negatively impacted sales by 2%. Acquisitions added 4% to net sales in 3Q16. Volume increased 3%. Adjusted EBIT grew 30% on benefits from productivity initiatives and impact of Quest acquisition.

$VAL {{ '2016-09-07T12:34:17+0000' | timeago}} • Announcement

$VAL's net sales in Coatings segment for 3Q16 fell 1% from last year. This includes effects of foreign currency translation that negatively impacted net sales by 3%. Acquisitions added 1% to sales and volumes rose 1%. Acquisitions added 1% to volume in 3Q16.

$VAL {{ '2016-09-07T12:32:34+0000' | timeago}} • Announcement

Paint and coatings maker $VAL reported a 14% jump in 3Q16 earnings on volume growth, new business wins across its portfolio and effective cost management. Net income rose to $117MM or $1.44 per share from $102.9MM or $1.25 per share last year. Net sales declined 1% to $1.14Bil. Adjusted EPS rose to $1.57 from $1.33.

$VAL {{ '2016-08-25T17:39:54+0000' | timeago}} • Announcement

$VAL said that its Wood Coatings division entered into a long-term distribution agreement with HGH Hardware Supply, Inc. Under the agreement, $VAL will provide the wood coatings to cabinet, furniture and millwork manufacturers throughout the southeastern United States.

$VAL {{ '2016-08-18T18:07:39+0000' | timeago}} • Announcement

$VAL said its BoD declared a quarterly dividend of $0.33 per share on the company's common stock. The dividend is payable on Sept. 15, 2016, to shareholders of record on Sept. 1, 2016. For 38 consecutive years, $VAL has increased dividends.

$VAL {{ '2016-07-05T16:36:52+0000' | timeago}} • Announcement

$VAL said it is expanding production capacity at Singapore facility to meet increased demand for food and beverage packaging products in Asia Pacific region. This will come on line in 2017. The rise will enable it to manufacture higher volumes of both existing and new technologies, including non-BPA coating solutions for food and beverage markets.

$VAL {{ '2016-06-29T15:47:46+0000' | timeago}} • Announcement

$VAL said its shareholders voted to approve its proposed acquisition by $SHW at its Special Meeting of Shareholders. The transaction is expected to close by the end of 1Q17 and remains subject to customary closing conditions.

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