Silgan Holdings (SLGN) trading halted with news pending

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Silgan (SLGN) Cuts FY12 Outlook; Cites Metal Food Container Volume; Extends 'Dutch Auction' Tender

December 18, 2012 8:02 AM EST

Silgan Holdings Inc. (Nasdaq: SLGN) revised its earnings estimates for 2012 and extended the expiration date of its tender offer to purchase up to $250 million of its common stock to February 5, 2013.

The Company revised its estimate of adjusted net income per diluted share for the full year of 2012 to a range of $2.65 to $2.75 from a range of $2.80 to $2.85. This estimate compares to adjusted net income per diluted share of $2.63 in 2011.

*** The Street sees EPS of $2.82.

The Company also revised its estimate of adjusted net income per diluted... More