Reuters: Global Markets: Shares in Mexico's Comerci surge after Costco buys stake

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Shares in Mexico's Comerci surge after Costco buys stake Jun 14th 2012, 14:24 MEXICO CITY | Thu Jun 14, 2012 10:24am EDT MEXICO CITY (Reuters) - Shares of Mexican retailer Comercial Mexicana jumped more than 12 percent after U.S. club warehouse operator Costco Wholesale Corp announced plans to buy its 50 percent stake in the company's Mexican units. Costco said it would pay 10.7 billion pesos ($766.79 million) for the stake. The jump is the shares single largest daily since May 2009.

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