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Stock impact report

Crown Holdings Announces Stock Repurchase Authorization of $250 Million

Crown Holdings, Inc. (CCK) 
Last crown holdings, inc. earnings: 4/20 04:30 pm Check Earnings Report
US:NYSE Investor Relations: crowncork.com/investors
Company Research Source: PR Newswire
YARDLEY, Pa., March 10, 2020 /PRNewswire/ -- Crown Holdings, Inc. (NYSE: CCK) announced today that its Board of Directors has authorized the repurchase of up to $250 million of the Company's common stock through June 30, 2020.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 variety of factors including price, corporate and regulatory requirements and other market conditions.  The repurchase authorization is being put in place today as a result of the extraordinary market conditions due to the current coronavirus (COVID-19) crisis and repurchases may be made from time-to-time as conditions warrant.  The previously announced comprehensive Board-led review of the Company's portfolio and capital allocation/return is ongoing and it is expected that this short-term repurchase authorization will Show less Read more
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