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CCK News Highlights
- CCK's 30 day story count now stands at 19.
- Over the past 11 days, the trend for CCK's stories per day has been choppy and unclear. It has oscillated between 1 and 7.
- LNN, MSC and MSM are the most mentioned tickers in articles about CCK.
Latest CCK News From Around the Web
Below are the latest news stories about Crown Holdings Inc that investors may wish to consider to help them evaluate CCK as an investment opportunity.
Crown (CCK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Robert W. Baird Stick to Their Buy Rating for Crown Holdings
Crown Holdings will sell 80% of its European Tinplate business to KPS Capital Partners for €1.9 billion (pre-tax) but will retain a 20% stake in the business. Last year, the maker of metal beverage and food cans European Tinplate business earned revenues of €1.9 billion and had a standalone EBITDA of €220 million. The acquisition is expected to close in the third quarter of this year and Crown Holdings (CCK) expects to use the net proceeds for debt reduction, capital project funding and share repurchases over time. KPS Capital Partners has valued the European Tinplate business at $2.7 billion. Crown Holdings’ President and CEO, Timothy J.
KPS Capital Partners to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business from Crown Holdings (CCK) for ~$2.7B. Crown will retain 20% ownership of the company. The transaction is expected to close in Q3 2021.Timothy Donahue, CEO comments, "We are very pleased that the European Tinplate business will have a strong...
Sale of U.S Display and Packaging business, surging demand for consumer packaging business and cost-control actions are contributing to the run-up in Sonoco's (SON) shares.
KPS Capital Partners, LP ("KPS") today announced that it has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (the "EMEA Food and Consumer Packaging Business" or the "Company") from Crown Holdings, Inc. (NYSE: CCK, "Crown") for €2.25 billion (approximately $2.7 billion). Crown will retain 20% ownership of the Company. The transaction is expected to close in the third quarter of 2021 and is subject to customary closing conditions and approvals.
Crown Holdings, Inc. (NYSE: CCK) (Crown) announced today that it has entered into a definitive agreement to sell its European Tinplate business to KPS Capital Partners, LP. Crown will receive pre-tax proceeds of approximately €1.9 billion from the transaction and will retain a 20% ownership stake in the business. The European Tinplate business comprises 44 manufacturing facilities in 17 countries in Europe, the Middle East and Africa which produce food cans and ends, aerosol cans, metal closures and promotional packaging for various consumer brands. In 2020, the business generated €1.9 billion in revenue and approximately €220 million in estimated standalone EBITDA and had approximately 6,300 employees.
MSC Industrial (MSM) delivers better-than-expected Q2 results aided by its Mission Critical program.
Lindsay (LNN) delivers stellar Q2 results on improved farming prospects and higher commodity prices.
Today we're going to take a look at the well-established Crown Holdings, Inc. ( NYSE:CCK ). The company's stock saw a...