Sherwin-Williams preparing to divest

CLEVELAND — Sherwin-Williams now expects to be required to sell some assets in order to complete its acquisition of rival Valspar, walking back from its original announcement. The company, which anticipated “no or minimal divestitures” when it announced the deal last month, now expects some will be necessary for Federal Trade Commission approval, CEO John G. Morikis said in a statement. He added that the company expected to divest itself of businesses accounting for less than $650 million and clear the deal within 90 days.