September 14, 2000
* Sherwin-Williams Co., the largest U.S. paint maker, said its third-quarter earnings probably will be 66 cents to 69 cents a share, rather than the 73 cents forecast by analysts, because of higher-than-expected costs of raw materials and price competition in South America. Shares of Cleveland-based Sherwin-Williams fell $1.63 to close at $22.25 on the NYSE. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at http://www.
February 3, 2000
In a long-awaited move, AT&T Corp. (T) filed Wednesday evening to raise as much as $100 million in an initial public offering for a tracking stock to represent its wireless services business. The company did not say how many shares it plans to offer or in what price range in the preliminary prospectus filed with the Securities and Exchange Commission. . . . Trying to spruce up its drab shares, Sherwin-Williams Co.
November 23, 1996 |
Sherwin-Williams Co. said it will buy Thompson Minwax Holding Corp. from Forstmann Little & Co. for $830 million in cash, which would give the largest maker of paints such as Dutch Boy the lead in household stains and sealers. The addition of Thompson water sealers, Minwax stains and Red Devil and Formby's products would fill a weak spot in Sherwin-Williams' lineup that includes Krylon, Ralph Lauren and Pratt & Lambert paints and varnishes.
August 10, 1994 |
Sherwin-Williams Co. said Tuesday that it has acquired the assets of Ontario-based Old Quaker Paint Co., a closely held company that has seven paint stores in Southern California and sells products to the new-home construction market. Sherwin-Williams, a Cleveland-based maker and retailer of paint, did not disclose the price it paid for Old Quaker, which had annual revenue of less than $20 million and less than 100 employees, a company spokesman said.
March 17, 1994 |
Paint Manufacturer Fined: Sherwin-Williams Co. has agreed to pay a $1-million fine for failing to warn consumers that its Krylon spray paints contain the potentially harmful chemical toluene, officials said. The fine was imposed under a 1986 California law requiring warning labels on products made with chemicals known to cause cancer and birth defects.
June 11, 1993 |
Prop. 65 Lawsuit Filed Against Sherwin-Williams: California Atty. Gen. Dan Lungren charged that the nation's largest paint manufacturer failed to provide adequate warnings that its spray paints and primers expose users to toluene, a chemical known to cause birth defects. Even used according to directions, consumers would be exposed to 50 times the toluene level that requires notice under the law, the suit alleges.