An investigation for investors in NYSE:VAL shares was announced over the takeover of The Valspar Corp. by The Sherwin-Williams Company at $113 per share.
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 +1(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.
On April 4, 2016, NYSE:VAL shares closed at $106.92 per share.
Those who are current investors 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