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THE FEDERAL TRADE COMMISSION HAS REQUESTED ADDITIONAL INFORMATION FROM VALSPAR AND CARGILL IN CONNECTION WITH PROPOSED ACQUISITION

 MINNEAPOLIS, June 21 /PRNewswire/ -- The Valspar Corporation (AMEX: VAL), a major coatings company, reported today that the Federal Trade Commission has requested additional information from Valspar and Cargill, Incorporated in connection with the proposed acquisition by Valspar's resin subsidiary, McWhorter, Inc., of Cargill's Resin Products Division. This request extends the waiting period until 20 days after the Federal Trade Commission receives the requested information. The process of collecting and submitting the requested information, along with the extended waiting period following submission, will delay closing of the transaction beyond the anticipated June 30 closing date. The company expects this process to be completes in six to eight weeks.
 -0- 6/21/93
 /CONTACT: Paul C. Reyelts, vice president-finance of Valspar Corporation, 612-375-7702/


CO: Valspar Corporation; Cargill, Incorporated; McWhorter, Inc. ST: Minnesota IN: AGR SU: TNM

DB -- MN011 -- 4129 06/21/93 15:24 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
Words:143
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