Exactly why I sold my position today. No reason to 'wait' a possible 12 months for the cycle to achieve 113. Read the offer carefully and there is a chance that the deal will actually be 105 per share. Take your profit now, look for another good stock to ride up over the next year for higher ROI.
Bought VAL @ 18, 22 and 31 a few years ago. Sold half yesterday @ 105; remaining today at 103.22. VAL: great stock...A good company, good products and good profit. Now on to something else. Good Luck if you're holding through to acquisition phase w/ Sherwin. That may be a good buy (Sherwin) going forward.