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Onex Intends to Convert its Celestica MVS to SVS
March 20, 2023 | Celestica Inc.Estimated reading time: Less than a minute
Celestica Inc., a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, is announcing Onex’ stated intention to convert its multiple voting shares (MVS) in Celestica then held to subordinate voting shares (SVS), on a one-for-one basis, in approximately six months.
“Celestica and Onex have shared a productive relationship for over 25 years. The planned conversion of Onex’ MVS and the simplification of Celestica’s voting structure is the natural next step in the company’s evolution,” said Bobby Le Blanc, President of Onex.
“In 2022, Celestica posted its highest annual non-IFRS operating margin and highest non-IFRS adjusted EPS in the company’s history. Celestica is a much different company than it was just five years ago and we view this as the next logical phase in the company’s transformation,” said Rob Mionis, President and CEO, Celestica.
Celestica also announced it intends to file a Canadian base shelf prospectus.
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Celestica Recognized Among Lam Research’s 2024 Supplier Excellence Award Winners
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Murata Plans to Achieve RE100 15 Years Ahead of Schedule, and Sets New Carbon Neutrality Targets
09/30/2024 | MurataMurata Manufacturing Co., Ltd. has decided to move its target date for achieving 100% renewable energy sourcing forward by 15 years (FY2035) and targets achieving carbon neutrality by FY2040 for the greenhouse gas (GHG) emissions within Murata.