Celestica Announces Proposed Secondary Offering Of Subordinate Voting Shares By Onex
Portfolio Pulse from Benzinga Newsdesk
Celestica announced that its controlling shareholder, Onex Corporation, plans to sell 12,000,000 subordinate voting shares, which will be issued upon conversion of Celestica's multiple voting shares into SVS. Celestica is not selling any shares and will not receive any proceeds from the offering.
June 05, 2023 | 8:48 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Celestica's controlling shareholder, Onex Corporation, plans to sell 12,000,000 subordinate voting shares. Celestica is not selling any shares and will not receive any proceeds from the offering.
The news of Onex Corporation selling 12,000,000 subordinate voting shares may not have a direct impact on Celestica's stock price, as Celestica is not selling any shares and will not receive any proceeds from the offering. However, the news may cause some short-term volatility in the stock price due to the large number of shares being sold by the controlling shareholder.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100