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Stock Market & Financial Investment News

News Breaks
November 18, 2012
13:13 EDTCLSCelestica waives condition to substantial issuer bid
Celestica announced that it has waived a condition to its previously announced substantial issuer bid. Celestica has waived the condition that would have permitted the Offer to be withdrawn should Celestica determine, in its sole judgment, acting reasonably, that the purchase price per subordinate voting share under the Offer exceeds the fair market value of a Share as of the expiration date of the Offer, determined without reference to the Offer. This condition has been waived because it is not capable of independent verification and therefore may not be appropriate under the U.S. regulations applicable to the Offer as it does not provide tendering shareholders with reasonable specificity as to the condition.
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