CLSA Upgrades Sherwin-Williams (SHW) to Outperform

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Nomura Says Comex Deal a Positive Catalyst for Sherwin-Williams (SHW), PT Raised to $170

November 13, 2012 8:51 AM EST

Nomura Securities bumped its price target on Buy-rated Sherwin-Williams (NYSE: SHW) from $160 to $170 following the acquisition of Comex.

The firm notes the deal adds exposure to under-penetrated markets such as Mexico and Western US.

"With sales equal to 15% of SHW's base, Comex... More

Sherwin-Williams (SHW) to Acquire Consorcio Comex in $2.34B Deal

November 12, 2012 8:56 AM EST

The Sherwin-Williams Company (NYSE: SHW) announced it has signed a definitive agreement to acquire Consorcio Comex, S.A. de C.V., a leader in the paint and coatings market in Mexico with headquarters in Mexico City. Sherwin-Williams will pay approximately $2.34 billion, including assumed debt, in an all-cash transaction. Completion of the acquisition is subject to certain conditions and customary regulatory approvals.

Founded in 1952, Comex is a privately held business with operations in Latin America, the U.S. and... More