Celestica Buying Avaya Plants, Drops 5%
Electronics manufacturer
Celestica
(CLS) - Get Celestica Inc. Report
was down 5% in early trading after announcing it will pay $200 million to
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Avaya
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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%.
