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BRIEF-Celestica Inc Announced Has Entered Into A Definitive Agreement To Acquire PCI Limited For $306 Million In Cash From Platinum Equity

Reuters ·  Sep 22, 2021 08:49

Sept 21 (Reuters) - Celestica Inc CLS.TO :

* CELESTICA INC - ANNOUNCED THAT IT HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE PCI LIMITED ("PCI") FOR $306 MLN IN CASH FROM PLATINUM EQUITY

* CELESTICA INC CLS.TO - CELESTICA IS RAISING ITS OUTLOOK FOR 2022 NON-IFRS ADJUSTED EPS* GROWTH COMPARED TO 2021 FROM 10% OR MORE TO 20% OR MORE

* CELESTICA INC CLS.TO - PCI IS EXPECTED TO GENERATE APPROXIMATELY $325 MLN OF ANNUAL REVENUE IN 2021

* CELESTICA INC CLS.TO - EXPECTS Q3 2021 REVENUE $1.40 BLN TO $1.55 BLN

* CELESTICA INC CLS.TO - IS RAISING ITS 2022 REVENUE OUTLOOK FROM A TARGET OF $6 BLN OR MORE, TO $6.3 BLN OR MORE

* CELESTICA INC CLS.TO - CELESTICA INTENDS TO FINANCE TRANSACTION WITH A COMBINATION OF CASH ON HAND AND BORROWINGS UNDER ITS CREDIT FACILITY

* CELESTICA INC CLS.TO - EXPECTS Q3 2021 NON-IFRS ADJUSTED EPS RANGE FROM $0.30 TO $0.36

Source text for Eikon: Further company coverage: CLS.TO

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