Costco (COST) is up 2.3% in early market trading, as the wholesale giant announced plans to purchase Controladora Comercial Mexicana’s (CCM) 50 percent stake in Costco de Mexico for $760 million. Additionally, Costco Mexico declared a cash dividend of approximately $340.85 million, shared equally between the two parties, which Costco will use along with existing cash and investment balances…
View the full post at http://blog.t3live.com