European equities closed sharply lower on Friday as a large selloff in emerging-market currencies spooked investors.» Read More
FRANKFURT, Jan 30- Hedge fund Elliott has made a return of about 13 percent on the bonds and shares it bought in Celesio, the German drug distributor being taken over by U.S rival McKesson, according to estimates by an analyst at Market Securities. After a fierce standoff, Elliott last week called an end to its fight with McKesson over Celesio.
FRANKFURT, Jan 24- Hedge fund Elliott has called an end to its fight with McKesson over the drugs distributor's acquisition of German peer Celesio, selling its shares and vowing not to disrupt the deal further, a source familiar with the transaction said.
FRANKFURT, Jan 24- Shares in Celesio jumped to their highest in more than three and a half years on Friday after U.S. drugs distributor McKesson succeeded in its renewed attempt to gain control of its German peer.
*McKesson say to enter into domination agreement with Celesio. FRANKFURT, Jan 23- U.S. drugs distributor McKesson succeeded in its second attempt to win control of German peer Celesio in a deal with Celesio's two largest shareholders, German investment group Haniel and U.S. hedge fund Elliott.
FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio is in talks to hammer out a deal that could salvage its on-off takeover by U.S. peer McKesson, three people familiar with the negotiations said.
FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio has offered 23.50 euros apiece for Celesio shares held by hedge fund Elliott, as part of a fresh attempt to secure the sale to U.S. drugs wholesaler group McKesson, three people familiar with the talks told Reuters.
FRANKFURT, Jan 23- The majority shareholder behind German drugs distributor Celesio is in talks to buy the shares in Celesio held by hedge fund Elliott as part of a fresh attempt to sell the company to U.S. drugs wholesaler group McKesson, a person familiar with the talks told Reuters.
*Biggest shareholder Haniel under pressure after Celesio bid failed. BERLIN/ DUESSELDORF, Jan 21- A break-up of sprawling German retail group Metro AG looks unlikely despite speculation that the planned sale of a stake in its Russian cash-and-carry unit is the start of more radical restructuring.
*Wall Street suffers steep sell-off Monday on poor earnings. LONDON, Jan 14- European shares fell on Tuesday as investors turned cautious after a string of disappointing earnings and outlook statements on Wall Street.
*Celesio, McKesson both say able to succeed alone. FRANKFURT, Jan 14- Shares in German drug distributor Celesio dropped 5.4 percent on Tuesday after the failure of an $8.4- billion bid from McKesson Corp but talk of a new offer from the U.S. wholesaler limited the decline.
*Celesio slides after takeover fails. Shares in German drugs distributor Celesio shed 6.5 percent after suitor McKesson failed to garner enough shares to carry through its takeover bid. Trade in Celesio shares rocketed, with the issue logging 130 percent of its 90- day average volume in the first 40 minutes alone.
*McKesson: Not clear if Celesio will be part of strategy. FRANKFURT, Jan 14- Shares in German drugs distributor Celesio dropped 5 percent on Tuesday after suitor McKesson failed to garner enough shares for its takeover bid to succeed.
PARIS, Jan 14- European stocks dropped in early trade on Tuesday, tracking sharp losses on Wall Street following a number of disappointing earnings and outlook statements that raised concern about profit growth. Shares in German drugs distributor Celesio tumbled 7.7 percent after suitor McKesson failed to get enough shares for its takeover bid to succeed.
*McKesson says fails to get 75 pct threshold. FRANKFURT, Jan 13- U.S. drugs wholesaler group McKesson said on Monday it had failed to win enough support for a $8.4 billion offer to buy German distributor Celesio, leaving it empty-handed in a sector where cross-border consolidation is accelerating.
FRANKFURT, Jan 13- U.S. drugs wholesaler group McKesson said on Monday that it has failed to win enough support for its $8.4 billion offer to acquire German drugs distributor Celesio.
*Bed, Bath& Beyond, Family Dollar drag retailers. The S&P retail index declined 0.3 percent, pulled lower by a 12.8 percent tumble in Bed, Bath and Beyond Inc to $69.52 and a 4.6 percent drop in Family Dollar Stores Inc to $63.28. Bed Bath& Beyond lowered its fourth quarter and full-year earnings estimates after the close on Wednesday.
*Bed, Bath& Beyond, Family Dollar drag retailers. The S&P retail index declined 0.7 percent, pulled lower by a 13.2 percent tumble in Bed, Bath and Beyond Inc to $69.14 and a 6.9 percent drop in Family Dollar Stores Inc to $61.76.
FRANKFURT, Jan 9- U.S. drugs wholesaler McKesson raised its offer for German peer Celesio to about 6.2 billion euros including debt, mollifying an activist hedge fund that had been blocking the deal. McKesson increased its bid to 23.50 euros per Celesio share from the 23 euros it offered in October, the San Francisco- based company said on Thursday.
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