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The cash transaction is valued at $1.225 billion.
September 1, 2014
By: Catherine Diamon
Director, Executive Internal Communications, GAF
Crown Holdings, Inc., has announced that it has entered into a definitive agreement to acquire Empaque, a Mexican manufacturer of aluminum cans and ends, bottle caps and glass bottles for the beverage industry, from Heineken N.V., in a cash transaction valued at $1.225 billion (subject to adjustment). The acquisition is expected to close by year end 2014 and contribute between $0.15 and $0.20 per share to Crown’s 2015 earnings before synergies. Crown Chairman and CEO John W. Conway says this ...
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