November 13, 2012
Today, Sherwin-Williams (NYSE: SHW ) announced a massive acquisition, the purchase of Comex for $2.34 billion in cash. Comex is the second-largest paint store organization in the Western Hemisphere, and enjoys a huge amount of brand loyalty in Mexico. This is an extremely beneficial acquisition that will do wonders for strengthening Sherwin-Williams' presence in geographic locations where it was weak, particularly in Mexico and the Western U.S. In this video, Motley Fool analyst Taylor Muckerman tells us what this will mean for shareholders' dividends and stock buybacks during this growth period for Sherwin-Williams, and what shareholders should expect from the company in the long run.
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