Crown Holdings Inc. (CCK) - NYSE
  • Feb. 18, 2015, 2:25 PM
    • Ball Corp. (BLL +2.4%) is close to a deal to purchase U.K. rival Rexam and could be announced as early as this week, WSJ reports, in a move that would create the world’s largest beverage can maker.
    • The companies said earlier this month they were negotiating a cash-and-share offer that would value Rexam at ~£4B ($6.2B), but some analysts pointed to regulatory concerns as an impediment to a deal.
    • A combination would leave its nearest rival, Crown Holdings (CCK +3.1%), trailing with 19% market share.
    | Feb. 18, 2015, 2:25 PM
  • Feb. 5, 2015, 8:37 AM
    • Ball Corp. (NYSE:BLL) +4% premarket after confirming it is in talks about buying U.K.-based rival Rexam, a move that would combine two of the world’s biggest can makers.
    • Rexam says the two companies are discussing a possible share and cash offer worth ~610 pence/share, which would value it at more than £4B ($6B).
    • Rexam and Ball, together with Crown Holdings (NYSE:CCK), account for more than 60% of global beverage can volumes, and nearly 90% in Europe, North and South America.
    • Earlier: Ball misses by $0.01, beats on revenue
    | Feb. 5, 2015, 8:37 AM | 1 Comment
  • Oct. 16, 2014, 5:39 PM
    • Crown Holdings (NYSE:CCK) entered into an agreement to acquire EMPAQUE (Mexican beverage packaging) from Heineken N.V. (OTCQX:HEINY)
    • Segment Revenue - Americas Beverage $570M vs. $583M last year; North America Food $236 vs. 249M; European Beverage $474M vs. 481M; European Food $787M vs. 543M.
    • Free Cash Flow $91M vs. $70M.
    • Q3 earnings
    • Conference Call at 9 am ET tomorrow
    | Oct. 16, 2014, 5:39 PM
  • Sep. 1, 2014, 3:30 AM
    • Heineken (OTCQX:HEINY) has agreed to sell its Mexican packaging business Empaque to Crown Holdings (NYSE:CCK), resulting in an after-tax gain of €300M ($393M).
    • The $1.2B in cash deal will close by the end of this year, pending regulatory approval.
    | Sep. 1, 2014, 3:30 AM | 1 Comment
  • Nov. 21, 2013, 3:36 PM
    • Crown Holdings (CCK +0.6%) intends to secure $2.84B in loans to finance its purchase of Mivisa Envases, Bloomberg reports.
    • The debt will be primarily denominated in dollars and will consist of a $1.2B revolver, $1.34B in term loans, and a $300M credit facility.
    | Nov. 21, 2013, 3:36 PM
  • Oct. 31, 2013, 8:52 AM
    • Crown Holdings (CCK) adds to its business, buying Spanish food-can maker Mivisa Envases from a group including Blackstone (BX) in a deal valued at $1.64B.
    • Mivisa is Spain's largest food-can producer and had sales of €555M and EBITDA of €133M in the year ended June 30. The deal has committed financing and is expected to close next year, subject to European regulators.
    • CC at 10 ET.
    | Oct. 31, 2013, 8:52 AM
Company Description
Crown Holdings, Inc. is engaged in designing, manufacturing and sales of packaging products for consumer goods. The company's primary products include steel and aluminum cans for food, beverage, household and other consumer products and metal vacuum closures and caps. These products are... More
Industry: Packaging & Containers
Country: United States