Key Developments: Costco Wholesale Corp (COST.OQ)
22 Oct 2014
Latest Key Developments (Source: Significant Developments)
Costco Wholesale Corp announced that the pricing of its offering of $3.5 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches: $1.2 billion principal amount of 0.650% Senior Notes due December 7, 2015 -- $1.1 billion principal amount of 1.125% Senior Notes due December 15, 2017 ; $1.2 billion principal amount of 1.700% Senior Notes due December 15, 2019 . Costco intends to use approximately $3 billion of the net proceeds from the offering to pay a special cash dividend (separately announced today) of $7.00 per share on its common stock. The dividend is payable on December 18, 2012, to shareholders of record at the close of business on December 10, 2012. The balance of the proceeds will be used for general corporate purposes. The offering is expected to close on December 7, 2012. Full Article
Reuters reported that Costco Wholesale Corp is to pay a special dividend of $7.00, worth a total $3.0 billion to investors, it said when posting monthly same-store sales. Costco's special dividend will be paid on December 18, 2012with the record date set at December 10, 2012. Full Article
CHICAGO - By selling directly to Chinese consumers on Alibaba's platform, a move announced Tuesday, Costco Wholesale Corp. aims to employ local knowledge and a low-cost structure to avoid missteps that caused even the world's largest retailer, Wal-Mart Stores Inc. , to stumble.