crown holdings inc (CCK) Key Developments
Crown Holdings Inc. Presents at Credit Suisse Basic Materials Conference 2014, Sep-16-2014 09:30 AM
Aug 19 14
Crown Holdings Inc. Presents at Credit Suisse Basic Materials Conference 2014, Sep-16-2014 09:30 AM. Venue: Credit Suisse, One Madison Avenue - between 23rd and 24th streets, New York, NY 10010, United States. Speakers: Thomas A. Kelly, Chief Financial Officer and Senior Vice President.
Crown Holdings Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 08:30 AM
Jul 24 14
Crown Holdings Inc. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 08:30 AM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Thomas A. Kelly, Chief Financial Officer and Senior Vice President, Thomas T. Fischer, Vice President of Investor Relations, Public Relations & Corporate Affairs.
Crown Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Jul 21 14
Crown Holdings Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $2,383 million against $2,223 million a year ago. Income before income taxes was $177 million against $209 million a year ago. Net income attributable to the company was $106 million or $0.76 per diluted share against $133 million or $0.93 per diluted share a year ago. Net sales increased primarily due to the impact of the Mivisa acquisition and increased global beverage can unit sales.
For the six months, the company reported net sales of $4,376 million against $4,196 million a year ago. Income before income taxes was $256 million against $302 million a year ago. Net income attributable to the company was $130 million or $0.94 per diluted share against $174 million or $1.21 per diluted share a year ago. Net cash used for operating activities was $117 million against $251 million a year ago. Capital expenditures were $149 million against $124 million a year ago.
Crown Holdings, Inc. Announces Early Settlement Date for its Tender Offer for the 2018 Notes
Jul 8 14
Crown Holdings Inc. announced the early settlement date and the results of the early tender period for its previously announced tender offer to purchase any and all of Crown European Holdings S.A.'s EUR 500 million of outstanding senior unsecured notes due 2018 with ISIN codes XS0511127929 and XS0511127689. As of 5:00 p.m., Central European time, on July 7, 2014, the previously announced early tender deadline, according to information provided by the tender agent, EUR 357,976,000 principal amount of the 2018 Notes, representing 71.60% of the principal amount outstanding, had been validly tendered and not validly withdrawn. The Company has accepted for purchase all such 2018 Notes. Holders of such 2018 Notes will receive EUR 1,042.21 per EUR 1,000 principal amount of the 2018 Notes, plus any accrued and unpaid interest up to, but not including, the early settlement date. The early settlement date for such 2018 Notes is expected to be July 9, 2014. The Offer will expire at 5:00 p.m., Central European time, on July 22, 2014, unless extended. Holders of 2018 Notes that are validly tendered after the Early Tender Deadline but before the expiration time will receive EUR 1,022.21 per EUR 1,000 principal amount of the 2018 Notes, plus any accrued and unpaid interest up to, but not including, the final settlement date. The Offer is subject to the satisfaction or waiver of various conditions described in the Offer to Purchase, dated June 23, 2014. The Offer is not contingent upon the tender of any minimum principal amount of 2018 Notes. The Company reserves the right to waive any one or more of the conditions at any time.
Crown Holdings Inc Announces The European Commission Approved its Acquisition of Mivisa Envases SAU
Jun 30 14
Crown Holdings Inc. announced that the European Commission (EC) had formally approved its acquisition of Mivisa Envases SAU, following the fulfillment of certain conditions and commitments.