Hedge fund Elliott gains control of 25 pct of Celesio
FRANKFURT Nov 26 (Reuters) - Hedge fund Elliott International has gained control of 25.16 percent of the voting rights in German drugs distributor Celesio, the subject of an $8.3 billion takeover bid by U.S. rival McKesson , Celesio said in a regulatory statement on Thursday.
Celesio earlier this month said Elliott, run by U.S. investor Paul E. Singer, had built a stake of 21.13 percent as of Nov. 5.
Elliot declined to comment.
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