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Hedge fund Elliott gains control of 25 pct of Celesio
November 26, 2013 / 1:00 PM / 4 years ago

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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