McKesson (MCK) Looks to Make Concessions in $8.3B Celesio Bid

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Elliott will accept McKesson's (MCK) boosted offer for Celesio - Bloomberg

January 9, 2014 7:20 AM EST

Elliott will accept McKesson's (NYSE: MCK) increased 23.50 per share offer for Celesio, according to Bloomberg... More

McKesson (MCK) Raises Bid for Celesio to EUR23.50/Share

January 9, 2014 6:50 AM EST

McKesson Corporation (NYSE: MCK) announced that has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to increase the purchase price for its shareholding in Celesio to 23.50 per share. Accordingly, the price McKesson is offering to all shareholders of Celesio by way of a voluntary public takeover offer increases to 23.50 per share.

McKesson also announced that it has increased the consideration offered under its tender offers for the outstanding convertible bonds of Celesio Finance B.V. (Convertible Bonds) to a price equating to... More