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Photo by Emmanuel Dunand/AFP via Getty

Crown Holdings (NYSE: CCK) is considering a sale of its food can manufacturing unit, which could fetch around $2 billion, per Bloomberg.

Why it's the BFD: Crown is the world's largest maker of food cans, whether they be round, shaped, or bowls. It's also a profitable business, generating around $200 million in EBITDA, which is likely to attract private equity.

The bottom line: "Crown, which traces its origins to 1892, has more than 200 manufacturing plants globally and the majority of its revenue comes from outside the U.S. The company’s principal competitors include Ball Corp, which merged with Rexam Plc in 2016, and Ardagh Group," Bloomberg reports.

Go deeper

Dion Rabouin, author of Markets
Nov 3, 2020 - Economy & Business

Manufacturing's rebound continues

Data: Investing.com; Chart: Axios Visuals

Manufacturing activity accelerated again around the globe in October, according to the latest purchasing managers indexes from various private companies.

Details: In the U.S., the Institute for Supply Management's latest survey of manufacturing showed new orders jumping to their highest in nearly 17 years.

Dan Primack, author of Pro Rata
1 hour ago - Economy & Business

New deals in the COVID economy

Illustration: Sarah Grillo/Axios

COVID-19 is the macro horror of our lifetimes, and has destroyed or severely damaged countless businesses. But, like with most horribles, it also has created some opportunities.

Driving the news: Merck this morning announced an agreement to buy OncoImmune, a Maryland-based biotech that showed promising late-stage clinical results for a therapy that treats severe and critical coronavirus cases.

2 hours ago - Technology

Biden's openings for tech progress

Photo illustration: Eniola Odetunde/Axios. Photo: Win McNamee/Getty Images 

Item No. 1 on President-elect Joe Biden's day-one tech agenda, controlling the flood of misinformation online, offers no fast fixes — but other tech issues facing the new administration hold out opportunities for quick action and concrete progress.

What to watch: Closing the digital divide will be a high priority, as the pandemic has exposed how many Americans still lack reliable in-home internet connections and the devices needed to work and learn remotely.