Investors Sell Sherwin Williams Before Paint Is Dry On Valspar Deal

Sherwin Williams

shares are trading lower by $$15.50 at $273.19 in Monday's session. Some investors have chosen exit the issue after the company announced that company will acquire Valspar Corporation

for $113/share. At this time, Valspar has traded no higher than $105 and is currently trading higher by $20.67 at $104.50. \ Off the open, Sherwin-Williams peaked just below Friday's close ($288.69), only reaching $288.24 before heading lower. It has continued to make new lows on the day, with current one standing at $272.11, If the decline continues, there may be additional support at the pair ow at the $270.30 level from earlier from March 3 &4.