Celestica Buying Avaya Plants, Drops 5%

Electronics manufacturer

Celestica

(CLS) - Get Report

was down 5% in early trading after announcing it will pay $200 million to

Avaya

(AV)

for plants and operations in Colorado and Arkansas.

The deal also includes a five-year supply agreement, which is worth approximately $4 billion.

Avaya, a telecom equipment supplier, was up 0.7%.