Celesio shares surge on report of takeover talks with McKesson

Reuters

FRANKFURT, Oct 8 (Reuters) - Celesio sharesjumped 17 percent to 20 euros ($27.14)on Tuesday after Dow JonesNewswires reported that McKesson is in advanced talks totake over the German drugs distributor.

Should McKesson decide to make a bid, it could offer apremium of up to 30 percent, or close to 22 euros per share, DowJones Newswires cited people familiar with the matter as saying.

It added that if McKesson decided to go ahead, it mayannounce a bid as early as this month.

Celesio was not immediately available for comment. Itsmajority owner Franz Haniel & Cie declined to comment.

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