An estimated $50 million of Crown Cork & Seal has traded over the last two weeks in the 84-85 context. Last Wednesday the company released a third-quarter loss, citing pricing pressure and the impact of the U.S. dollar against foreign currencies. The packaging products company reported a net loss of $13 million compared to a profit of $44 million a year ago in the same period. Deutsche Bank is said to be active in the name, but officials there would not confirm. Calls to Timothy Donahue, cfo, and the company's investor relations department were not returned.
Crown Cork Trades Heavy on Earnings Loss