India, Aug. 6 -- Celestica Inc. (CLS) shares dropped nearly 12% on Thursday after the company priced a $3.0 billion public equity offering.
The stock is currently trading at $319.48, down $43.28 or 11.93%, on the NYSE. It opened at $311.00 after closing the previous session at $362.76. The stock has traded between $173.23 and $474.03 over the past 52 weeks.
The company priced 9.68 million common shares at $310 per share, with gross proceeds expected to total $3.0 billion. Celestica also granted underwriters a 30-day option to purchase up to an additional 1.45 million shares.
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