Celestica Receives Approval for Share Repurchase Program of Up to 3.13 Million Shares
Celestica (NYSE: CLS) has announced that it received formal approval from the Toronto Stock Exchange to initiate a normal course issuer bid. Under this program, the company is authorized to repurchase up to 3.13 million shares of its common stock. The buyback initiative represents approximately 2.5% of Celestica's current outstanding public float. This move is typically viewed as a signal of management's confidence in the company's intrinsic value and serves as a mechanism for returning capital to shareholders.
Tickers: $CLS
Topics: share repurchase stock buyback Toronto Stock Exchange
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