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McKesson set to bid up to 23 eur/shr for Celesio - sources
October 23, 2013 / 1:11 PM / 4 years ago

McKesson set to bid up to 23 eur/shr for Celesio - sources

FRANKFURT, Oct 23 (Reuters) - U.S. drugs distributor McKesson is set to make a full takeover offer of up to 23 euros per share for its German peer Celesio, two people familiar with the matter said on Wednesday.

Diversified holding company Franz Haniel & Cie, which holds 50.01 percent of Celesio’s shares, is nearing an agreement to sell its stake to San Francisco-based McKesson, in a deal that would value Celesio’s equity capital at as much as 3.9 billion euros ($5.4 billion).

Celesio and Haniel declined to comment, while San Francisco-based McKesson was not immediately available for comment.

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