Celestica to raise additional US$64 million as underwriters exercise over-allotment option
TORONTO, Nov. 10 /CNW/ - Celestica Inc., (NYSE, TSE, ME: CLS), a world
leader in electronics manufacturing services (EMS), announced today that the
underwriters of its recently announced offering of 7 million subordinate
voting shares have exercised their option to purchase an additional 1.05
million shares, representing gross proceeds of approximately Cdn$93.7 million
or US$63.7 million, to cover over-allotments. The sale of the 8.05 million
shares is scheduled to close on November 15, 1999.
Total gross proceeds from the offering, including the over-allotment,
will be Cdn$718.4 million or US$488.0 million.
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