Deals Rumor Mill: McKesson, New York Times, Shell

Law360, New York (January 8, 2014, 1:22 PM EST) -- Drug wholesaler McKesson Corp. is preparing to offer concessions amid criticism from New York hedge fund Elliott Management Corp. that its $8.3 billion bid for German peer Celesio AG is too low, sources told Reuters on Wednesday. The deadline for McKesson's tender offer is on Thursday, leaving little time for the California company to salvage its planned takeover, one that would give way to a global industry powerhouse. The bid initially won the support of Celesio's biggest shareholder, but then Elliott crept in and spent more...
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