Crown Holdings Inc. Is Up Sharply Following Acquisition

04-Sep-2014 - USA

Crown Holdings Inc. (CCK) announced Monday that it has entered into a definitive agreement to acquire EMPAQUE from Heineken N.V. in a cash transaction valued at $1.225 billion.

Crown Holdings gapped open sharply higher Monday morning and is now up 1.78 at $50.05 on above average volume. The stock has jumped to over a 1-month high and has re-crossed its 50-day moving average.(dpa-AFX)

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