Sherwin-Williams, Valspar Engage PR Help in $11.3B Deal
Mon., Mar. 21, 2016
By Editorial Staff
Sherwin-Williams and Valspar have engaged outside PR counsel in S-W's $11.3B move on its rival.
Sard Verbinnen & Co. is supporting Cleveland-based Sherwin-Williams. Bob Wells, senior VP of corporate comms. and public affairs, heads S-W's in-house unit.
Valspar is working with Joele Frank. Kemberly Welch is VP of comms. for the Minneapolis-based coatings giant.
S-W's $113-per-share, all-cash offer is a 41% premium on Valspar's shares over the month of March. S-W president and CEO John Morikis called the target "an excellent strategic fit." He sees $280M in "annual synergies" within two years.
Category: Financial PR & Investor Relations
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