McKesson makes 23 eur/shr bid for German peer Celesio

Reuters

FRANKFURT, Oct 24 (Reuters) - U.S. drugs distributorMcKesson made a 23 euros per share takeover bid forGerman peer Celesio, Celesio said on Thursday.

San Francisco-based McKesson, the largest U.S. drugswholesale group, has struck a deal to purchase the 50.01 percentstake in Celesio held by the diversified holding company FranzHaniel & Cie and is also offering to snatch up theremaining shares, it added.

The 23 euro per share bid represents a premium of about 43percent over the stock price since speculation began in Junethat majority owner Haniel might sell its stake.

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