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Technology Stocks : Celestica
CLS 10.96-2.6%4:00 PM EST

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To: Marc who wrote (429)6/1/2001 12:30:40 PM
From: IceCube   of 456
 
Consider this, Celestica just raised $700M through the sale of sub-ordinate stock. VALUED AT $58 U.S. !!
This happened at a time when CLS was trading considerably lower. Generally speaking, an investor would either halt the completion of this transaction or cancel it entirely. Furthermore, they have given an option to purchase additional shares at the same $58 level. Obviously the outlook still remains bullish. We're talking about institutional investors here.
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