Mergers and acquisitions
Sherwin-Williams closes deal for Valspar
The Sherwin-Williams Co., Cleveland, officially closed on its acquisition of Minneapolis-based Valspar Corp. for $113 per share, or approximately $11.3 billion. With the closing, shares of Valspar officially stopped trading and were delisted from the New York Stock Exchange Thursday.
The combined company will have pro forma revenue of $15.8 billion and approximately 60,000 employees worldwide.
Restructuring
Digi consolidates European sales office
Digi International Inc., Minnetonka, announced that it is restructuring sales offices in Europe. The company will eliminate eight sales positions in France and move the European, Middle East and Asia sales headquarters to its Munich office. The company expects to record $2.1 to $2.4 million in restructuring related expenses.
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Stock market today: Global benchmarks are trading mixed as investors focus on earnings
World shares were trading mixed Thursday as investors awaited a flood of global earnings reports, including updates from U.S. tech companies known as the ''Magnificent Seven.''
Business
More than just a bowl of noodles, ramen in Japan is an experience and a tourist attraction
Spicy, steaming, slurpy ramen might be everyone's favorite Japanese food.
Business
Tough new EPA rules would force coal-fired power plants to capture emissions or shut down
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency.
Business
As Biden celebrates computer chip factories, voters wait for the promised production to start
President Joe Biden has a great economic story to tell voters a decade from now, less so in 2024.
Business
Ship comes under attack off coast of Yemen as Houthi rebel campaign appears to gain new speed
A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip.
