Celestica Inc is likely to make about four acquisitions and would spend as much as $100 million on each acquisition to expand its health-care business. Chief Executive Officer of the company, Craig Muhlhauser said: �It�s early stages yet, we�re just making introductory visits.� He added that it�s about taking �small ideas and making them big ideas because of our ability to scale globally.� The company is targeting health-care fields including medical imaging, diagnostic devices, drug delivery and remote patient diagnostics. Craig Muhlhauser said: �By early December, we�ll be beginning to shortlist the range of opportunities we see in front of us.�

Celestica Inc plans to make acquisitions in the healthcare industry. The company is examining at 14 companies in the healthcare industry. Chief executive of the company, Craig Muhlhauser said: "That's probably where an acquisition of intellectual property, technology (or) market position would be something that would be more attractive to us." The company had cash and cash equivalents of about $1.26 billion at the end of September. He said: "If we're looking at paying a significant premium, we want to be very careful that we have a clear line of sight as to how we're going to recover value for that investment."

Celestica Inc. announced that it has completed the redemption of all of its outstanding 7.875% Senior Subordinated Notes due 2011 (the 'Notes'). The company used $355.2 million of its existing cash resources to settle the outstanding principal amount of the Notes of $339.4 million at a price of 101.969% plus accrued and unpaid interest to the redemption date.