NEW BUSINESSValspar Corp., Minneapolis, has reached an agreement with B&Q, an operating company of Kingfisher PLC, to supply Valspar paint to all 350 of its locations in the United Kingdom and Ireland. The partnership significantly expands Valspar's presence in the U.K. and Ireland. The new retail concept will be rolled out to all 350 locations throughout 2013. Due to the timing of the up-front investment, this initiative is not expected to have a material impact on Valspar's earnings in fiscal 2013.
DEBT AND EQUITIESDonaldson Co. Inc., Bloomington, declared a regular cash dividend of 9 cents per share, payable Dec. 21 to shareholders of record as of Dec. 6. As of Oct. 31, there were about 148.8 million shares outstanding.
