A security device for holding cylindrical items of merchandise includes a cylindrical housing having a pivotably mounted lid moveable between open and closed positions. The lid includes an outer shell pivotally attached to the housing and an inner slide member mounted within the outer shell and rotatable between locked and unlocked positions to prevent unauthorized removal of the cylindrical item. An EAS tag is contained in the lid together with a spring biased locking finger activated by a magnetic field for movement of the slide member to an unlocked position.