Onex Corp Exits Celestica Inc. Position, Now Owns 0% of Shares

TL;DR

**Onex Corp just dumped all its Celestica shares, now owns 0%.**

AI Summary

Onex Corporation, a Canadian investment firm, filed an Amendment No. 8 to its Schedule 13G on January 12, 2024, indicating that as of December 31, 2023, it no longer beneficially owns any Subordinate Voting Shares of Celestica Inc. This means Onex's ownership stake in Celestica has dropped to 0%, down from previous holdings. This matters to investors because a major institutional investor has completely exited its position, which could signal a lack of confidence or a strategic portfolio reallocation.

Why It Matters

This filing shows a significant institutional investor, Onex Corporation, has completely sold off its stake in Celestica Inc., potentially signaling a shift in investor sentiment or a strategic move by Onex.

Risk Assessment

Risk Level: medium — The complete divestment by a long-term investor like Onex could indicate underlying concerns or a lack of future growth prospects for Celestica Inc.

Analyst Insight

A smart investor would investigate the reasons behind Onex Corporation's complete divestment from Celestica Inc. and consider if this signals a fundamental change in the company's outlook before making any investment decisions.

Key Numbers

• 0% — Percentage of Class Owned (Onex Corporation's beneficial ownership of Celestica Inc. Subordinate Voting Shares as of December 31, 2023.)
• 0 — Aggregate Amount Beneficially Owned (The total number of Subordinate Voting Shares beneficially owned by Onex Corporation as of December 31, 2023.)

Key Players & Entities

• Onex Corporation (company) — the reporting person that filed the SC 13G/A, indicating it no longer owns shares of Celestica Inc.
• Celestica Inc. (company) — the issuer whose Subordinate Voting Shares are the subject of this filing.
• 0% (dollar_amount) — the percentage of class represented by Onex Corporation's beneficial ownership as of December 31, 2023.
• December 31, 2023 (date) — the date of the event which required the filing of this statement, indicating when Onex's ownership dropped to zero.
• July 7, 1998 (date) — the date Onex Corporation initially filed its Schedule 13G regarding Celestica Inc.

Forward-Looking Statements

• Celestica Inc.'s stock price may experience short-term volatility due to the news of a major institutional investor's complete exit. (Celestica Inc.) — medium confidence, target: Q1 2024
• Other institutional investors might re-evaluate their positions in Celestica Inc. following Onex's divestment. (institutional investors) — low confidence, target: Q2 2024

FAQ

Filing Documents

• d595752dsc13ga.htm (SC 13G/A) — 22KB
• 0001193125-24-007543.txt ( ) — 23KB

is hereby amended and restated in its entirety as follows

Item 4 is hereby amended and restated in its entirety as follows: The information required by Items 4(a)-4(c) is set forth in Rows 5-11 of the cover page for the Reporting Person and is incorporated herein by reference. As of the date of this report, the Reporting Person does not beneficially own any Subordinate Voting Shares of the Issuer. Item 5.

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 12, 2024 ONEX CORPORATION By: /s/ Colin Sam Name: Colin Sam Title: General Counsel 3

View Full Filing

View this SC 13G/A filing on SEC EDGAR