SAN FRANCISCO & FRANKFURT, Germany--(BUSINESS WIRE)--McKesson Corporation (NYSE:MCK), a leading North American healthcare
services and information technology company, announced today it has
reached an agreement with Franz Haniel & Cie. GmbH, currently
representing a 50.01% stake in Celesio, to increase 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 (“Takeover Offer”) increases to
EUR 23.50 per share.
McKesson also announced that it has increased the consideration offered
under its tender offers (“Tender Offers”) for the outstanding
convertible bonds of Celesio Finance B.V. (“Convertible Bonds”) to a
price equating to a look-through price of EUR 23.50 per underlying
Celesio share.
The EUR 23.50 offer represents McKesson’s best and final offer with
respect to the Takeover Offer and Tender Offers.
McKesson also announces that it 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
successful completion of the Takeover Offer and Tender Offers.
The periods to accept the Takeover Offer and the Tender Offers will
remain unaffected and will end today, January 9, 2014, 24:00 hours CET.
McKesson recommends to all shareholders and bondholders who have not
tendered to date to do so as the Takeover Offer and the Tender Offers
will lapse if the 75% offer condition is not met. There will be no
additional acceptance period should the 75% offer condition not be met
by today, January 9, 2014, 24:00 hours CET.
If the 75% offer condition is met by January 9, 2014, 24:00 hours CET,
there will be an additional acceptance period for the Takeover Offer.
Shareholders who have not tendered their Celesio shares into the
Takeover Offer before January 9, 2014, 24:00 hours CET may tender their
shares within the additional acceptance period. The additional
acceptance period for the Takeover Offer is expected to commence on
January 16, 2014 and end on January 29, 2014, 24:00 hours CET.
There will be no additional acceptance period for the Tender Offers.
Please note that financial intermediaries, custodian banks or brokers
may have individually set earlier deadlines for their receipt of
acceptance instructions in order to process these properly and in time.
McKesson, therefore, advises Celesio shareholders and bondholders to
contact their financial intermediaries, custodian banks or brokers as
soon as possible to clarify the applicable deadline by which tender
instructions need to be submitted.
Further information can be found on www.GlobalHealthcareLeader.com.
About McKesson Corporation
McKesson Corporation, currently ranked 14th on the FORTUNE
500, is a healthcare services and information technology company
dedicated to making the business of healthcare run better. McKesson
partners with payers, hospitals, physician offices, pharmacies,
pharmaceutical companies and others across the spectrum of care to build
healthier organizations that deliver better care to patients in every
setting. McKesson helps its customers improve their financial,
operational, and clinical performance with solutions that include
pharmaceutical and medical-surgical supply management, healthcare
information technology, and business and clinical services. For more
information, visit www.mckesson.com.
THIS PRESS RELEASE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
The offers will be subject to the full terms and conditions to be set
out in the offer documents and, if applicable, the amendments.
Disclaimer
This press release is for information purposes only and does not
constitute an invitation to make an offer to sell Celesio shares. This
announcement does not constitute an offer to purchase Celesio shares and
is not for the purposes of McKesson making any representations or
entering into any other binding legal commitments.
The offer to purchase Celesio shares (“Takeover Offer”) and
Convertible Bonds (“Tender Offers” and together with the Takeover
Offer, the “Offers”) are solely made by the respective offer
document and, if applicable, the amendment published by Dragonfly GmbH &
Co. KG (“Dragonfly”), a wholly owned subsidiary of
McKesson Corporation (“McKesson”), on 5 December 2013 and 9
January 2014 and is exclusively subject to such offer document’s and
amendment’s terms and conditions. The terms and conditions contained in
such offer document or amendment may differ from the general information
described in this press release.
Investors, shareholders of Celesio and holders of Convertible Bonds are
strongly advised to read the relevant documents regarding the Takeover
Offer and the Tender Offers because they contain important information.
Investors, shareholders of Celesio and holders of Convertible Bonds can
obtain these documents at the website http://www.GlobalHealthcareLeader.com.
The Tender Offers are not subject to the German Securities Acquisition
and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, (“WpÜG”))
and have not been reviewed by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin).
Shareholders of Celesio and holders of Convertible Bonds are strongly
recommended to seek independent advice, where appropriate, in order to
reach an informed decision in respect of the content of the offer
documents and with regard to the Takeover Offer or the Tender Offers.
The Offers are issued exclusively under the laws of the Federal Republic
of Germany, the Takeover Offer especially under the WpÜG and the
Regulation on the Content of the Offer Document, Consideration for
Takeover Offers and Mandatory Offers and the Release from the Obligation
to Publish and Issue an Offer (“WpÜG Offer Regulation”), and
certain applicable provisions of the securities law of the United States
of America (“United States”). The Offers will not be executed
according to the provisions of jurisdictions (including the
jurisdictions of Australia and Japan) other than those of the Federal
Republic of Germany and certain applicable provisions of securities law
of the United States. Thus, no other announcements, registrations,
admissions or approvals of the Offers outside the Federal Republic of
Germany have not been and will not be filed, arranged for or granted.
The shareholders of Celesio and holders of Convertible Bonds cannot rely
on having recourse to provisions for the protection of investors in any
jurisdiction other than such provisions of the Federal Republic of
Germany. Any contract that will be concluded on the basis of the Offers
will be exclusively governed by the laws of the Federal Republic of
Germany and will to be interpreted in accordance with such laws.
Neither McKesson nor any persons acting in concert with McKesson within
the meaning of Section 2 para 5 of the WpÜG have authorized the
publication, sending, distribution, or dissemination of this press
release or any other document associated with the Offers by third
parties outside the Federal Republic of Germany, the United States and
Canada. Neither McKesson nor persons acting in concert with McKesson
within the meaning of Section 2 para. 5 of the WpÜG are in any way
responsible for the compliance of the publication, sending,
distribution, or dissemination of this press release or any other
document associated with the Offers by a third party outside of the
Federal Republic of Germany, the United States and Canada to any
jurisdiction with legal provisions other than those of the Federal
Republic of Germany, the United States and Canada.
The publication, sending, distribution or dissemination of this press
release in certain jurisdictions other than the Federal Republic of
Germany, the United States and Canada may be governed by laws of
jurisdictions other than the Federal Republic of Germany, the United
States and Canada in which the publication, sending, distribution or
dissemination are subject to legal restrictions. Persons who are not
resident in the Federal Republic of Germany, the United States and
Canada or who are for other reasons subject to the laws of other
jurisdictions should inform themselves of, and observe, those.
This press release is not for release, publication or distribution,
in whole or in part, in, into or from any jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.
If you are a resident of the United States, please read the following:
The Offers will be made for the securities of a non-U.S. company and
will be subject to the disclosure and procedural laws, standards and
practices of jurisdictions other than the U.S., although are intended to
be made in the United States in reliance on, and compliance with,
Section 14(e) of the Exchange Act and Regulation 14E thereunder, as
exempted thereunder by Rule 14d-1(c).
In accordance with the Offers, McKesson, Dragonfly, certain affiliated
companies and the nominees or brokers (acting as agents) may make
certain purchases of, or arrangements to purchase, Celesio Shares and
Convertible Bonds outside the Offers also during the period in which the
Offers remain open for acceptance. If such purchases or arrangements to
purchase are made they will be made outside the United States and will
comply with applicable law, including the Exchange Act.
