Celestica Rallies On News Of Acquisition Of PCI; Ups Revenue View Above Estimates

Shares of hardware platform and supply chain solutions provider Celestica Inc. (CLS) are rising more than 16% Wednesday morning.

Tuesday the company announced its decision to acquire PCI Limited, a fully integrated design, engineering and manufacturing solutions provider, for $306 million, to be paid in cash, from Platinum Equity.

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by RTTNews Staff Writer

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