SAN FRANCISCO and FRANKFURT, Germany — McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 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 EUR 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. to a price equating to a look-through price of EUR 23.50 per underlying Celesio share.
Furthermore, McKesson has reached an agreement with Elliot to acquire their Celesio convertible bonds. The closing of the acquisition of the Celesio convertible bonds from Elliott is subject to the completion of the takeover offer and tender offers.