Crown Holdings stock bounces sharply off 2-year low after Carl Icahn discloses large activist stake

Shares of Crown Holdings Inc. charged up 9.5% in midday trading Thursday, after Carl Icahn disclosed an 8.5% activist stake in the maker of packaging products and equipment for consumer goods, enough to make him the second-largest shareholder according to FactSet data. In a 13D filing with the Securities and Exchange Commission, Icahn said he believed the stock was "undervalued and represented an attractive investment opportunity." Icahn beneficially owns 10.20 million Crown shares, which...