Metal & Glass Containers

Crown Holdings, Inc. (NYSE: CCK) today announced that it has entered into agreements to acquire, from affiliates of Swire Pacific Limited, their 44.57% interest in the holding company for Crown’s four joint venture facilities in China and their 49% interest in the holding company for Crown’s joint...

Owens-Illinois Inc. (OI) increased it ambit in Brazil, South America’s largest economy and container market, with the acquisition of Brazilian glassmaker Companhia Industrial de Vidros. The deal is valued at $603 million, which includes future tax benefits with an estimated present value of $140...

Ball Corporation (BLL) announced that owing to sluggish market demand it has decided to close its Richmond, British Columbia plant, effective first quarter of fiscal 2011. As a result of the closure, Ball Corporation will record a total non-cash, after-tax charge of approximately $7 million, of...

Greif Inc. (NYSE: GEF) released its FY10Q3 earnings this morning of $1.34/share which beat the Consensus of $1.21. The biggest gains came in paper packaging while volume continues to be solid. GEF boosts FY10 guidance by $0.05-$0.10 to $4.15-$4.35. In a report from Deutsche Bank, Q4 outlook...

After the close, Owens-Illinois (NYSE: OI) announced the acquisition of Brazilian glass producer Conpanhia Industrial de Vidros (CIV) for $603 million in cash. In a report from J.P. Morgan, OI forcasts a contribution of about $200 million in yearly sales from the acquisition. Analysts think this...

Owens-Illinois, Inc. (NYSE: OI) has announced a $603M acquisition of Companhia Industrial de Vidros, a glass producer in Brazil, an all cash deal that closed today, Deutsche Bank reports. According to Deutsche Bank, OI is focusing on its strategy to grow in Latin America and Asia, with this deal...

Greif, Inc. (NYSE: GEF) reports Q2 EPS of $1.34 versus estimates of $1.21. Greif, Inc. reports revenues of $921.3 million versus estimates of $899.91 million. Revenues increased 28.4% year over year. The company raised EPS guidance for FY 2010, saying it now sees $4.15 to $4.35 per share, up from...

Greif, Inc. (NYSE: GEF) today announced results for its fiscal third quarter, which ended July 31, 2010. Net sales were $921.3 million in the third quarter of 2010 compared to $717.6 million in the third quarter of 2009. The 28 percent increase was due to higher sales volumes (23 percent or 10...

Owens-Illinois, Inc. (NYSE: OI) today announced the acquisition of Brazilian glassmaker Companhia Industrial de Vidros, significantly expanding O-I's reach in South America's largest container market. Under the terms of the agreement, O-I is purchasing CIV's glass container business for $603...

The Board of Directors of Greif, Inc. (NYSE: GEF) today declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock. The dividends are payable on Oct. 1, 2010, to shareholders of record at close of business on Sept. 20, 2010.

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Analog Devices, Inc (ADI) AptarGroup, Inc (ATR) Complete Production Services, Inc (CPX) Eisai Co Ltd (ESALY) Koninklijke DSM NV (RDSMY) View the entire Zacks #1 Rank List.    ANALOG DEVICES (ADI): Free Stock Analysis...

• Privately-held Reynolds Group announced plans to acquire hefty-bag maker, Pactiv (NYSE: PTV), for $6 billion, or $33.25 per share • Deere (NYSE: DE) reported better-than-expected sales and earnings for fiscal third quarter. Earnings of $1.44 beat estimates of $1.24 on revenues of $6.84 billion,...

J.P. Morgan is out with a research report this morning, where it downgrades shares of Pactiv Corp. (NYSE: PTV) to Neutral, from Overweight; it has a $33.00 price target on the stock, down from $35.00. The JPM analyst said that they see limited upside in the shares following Tuesday’s announcement...

Jefferies & Co. is initiating coverage on shares of Owens-Illinois (NYSE: OI) with a Buy rating and a $41 price target. In a note to investors Jefferies & Co. writes, "While OI has fallen into the "show me" category, we believe volumes should trough during the 2H10, and earnings should...

Jefferies & Co. is initiating Ball Corp. (NYSE: BLL) at a Buy with a $71 price target. In the report Jefferies & Co. writes, "With shipments in the N.A. bev can industry stabilizing, and BLL seeing strong growth in Europe and China, the fundamentals in its business are recovering nicely."...