Crown Holdings, Inc. Buyback
OLI recorded this information on 12/9/2021
Company: |
Crown Holdings, Inc. |
Buyback: |
CCK buyback |
$Amount Authorized: |
$3,000,000,000 |
Buyback Details: |
Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors authorized the repurchase of an aggregate amount of up to $3.0 billion of Company stock through the end of 2024. The new authorization, which supersedes the previous authorization announced on February 25, 2021, reflects the Company's strong balance sheet and cash from operations, allowing investment in the business and return of cash to its shareholders. Stock repurchases under this program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a number of factors including price, corporate and regulatory requirements and other market conditions. |
Crown Holdings is engaged in the design, manufacture and sale of packaging products for consumer goods and industrial products. Co.'s consumer packaging solutions primarily support the beverage and food industries through the sale of aluminum and steel cans. Co.'s packaging for industrial products includes steel and plastic consumables and equipment, paper-based protective packaging, and plastic film consumables and equipment, which are sold into the metals, food and beverage, construction, agricultural, corrugated and general industries. Co. has the following reportable segments: Americas Beverage, European Beverage, Asia Pacific and Transit Packaging.
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April 25, 2024 3:36 PM Eastern
Buy (3.40 out of 4)
52nd percentile
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