The Sherwin-Williams Co (SHW.N) has agreed to acquire rival U.S. paint company Valspar Corp (VAL.N), the companies said on Sunday, in an all-cash deal valued at about $9.3 billion.

Sherwin-Williams will pay $113 a share, or a premium of about 41 percent to Valspar's volume weighted average price for the 30 days through March 18, they said in a statement.

Valspar shares closed at $83.83 on Friday on the New York Stock Exchange, and Sherwin-Williams ended at $288.69. ...

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