Celestica Inc., a global leader in the delivery of end-to-end product lifecycle solutions, completed a substantial issuer bid pursuant to which it repurchased approximately US$350 million of its subordinate voting shares at a price of US$13.30 per share.
The bid proceeded by way of a “modified Dutch auction” with a range of US$11.70 to US$13.30 per share, and was oversubscribed. Celestica is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “CLS.”
Celestica was represented by Betty DelBianco (Chief Legal and Administrative Officer) and an in-house team that included Kathy Ksiazek (corporate counsel). Blake, Cassels & Graydon LLP
acted as Canadian counsel to Celestica, with a team that included John Tuzyk, Stacy McLean, Matthew Merkley and Georgia Brown (securities) and Bryan Bailey (tax). Kaye Scholer LLP
acted as United States counsel to Celestica, with a team that included Sara Adler and Maria Reda (securities).