|By PR Newswire||
|January 9, 2014 07:18 AM EST||
LONDON, January 9, 2014 /PRNewswire/ --
Elliott has agreed to sell Celesio convertible bonds to McKesson
Elliott Associates, L.P. and Elliott International, L.P. together with affiliated entities ("Elliott"), announced today that Elliott has agreed to sell to McKesson Corporation 4,866 bonds issued by Celesio Finance B.V. and convertible into shares of Celesio AG.
Elliott further announced that, having noted that McKesson's offer of €23.50 is best and final, it has decided to tender at least 27,175,094 shares into the deal.
Elliott Associates, L.P. and Elliott International, L.P., together have more than $23 billion of assets under management. Founded in 1977, Elliott is one of the oldest hedge funds under continuous management. The Elliott funds' investors include large institutions, high-net-worth individuals and families, and employees of the firm.
Elliott is advised on its European investments by Elliott Advisors (UK) Limited, an investment firm authorised by the Financial Conduct Authority.