{"id":39975,"date":"2014-01-10T08:04:18","date_gmt":"2014-01-10T13:04:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39975"},"modified":"2014-01-10T08:04:18","modified_gmt":"2014-01-10T13:04:18","slug":"billionaire-paul-singers-hedge-fund-accepts-mckessons-higher-bid-for-celesio-reaches-deal-with-compuware","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2014\/billionaire-paul-singers-hedge-fund-accepts-mckessons-higher-bid-for-celesio-reaches-deal-with-compuware.html","title":{"rendered":"Billionaire Paul Singer&#8217;s Hedge Fund Accepts McKesson&#8217;s Higher Bid For Celesio, Reaches Deal With Compuware"},"content":{"rendered":"<p>Forbes &#8211; Billionaire New York hedge fund manager\u00a0Paul Singer\u00a0is known for conducting a long financial battle against Argentina and making political contributions to Republican causes. But at his core he is an activist hedge fund manager and he is making his presence felt in financial markets in 2014 on both sides of the Atlantic Ocean.<\/p>\n<p>Singer\u2019s Elliott\u00a0Management\u00a0hedge fund on Thursday moved to help\u00a0McKesson\u00a0\u00a0the U.S. drug wholesaler, buy\u00a0Celesio\u00a0for $8.3 billion by accepting McKesson\u2019s higher bid for the German drug distributor. McKesson raised its tender offer to 23.50 euros per share. Elliott Management\u2019s hedge funds, which owned more than a quarter of Celesio, agreed to sell most of its shares and convertible bonds in Celesio after having rejected McKesson\u2019s initial offer.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/nathanvardi\/2014\/01\/09\/billionaire-paul-singers-hedge-fund-backs-mckessons-higher-bid-for-celesio\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; Billionaire New York hedge fund manager\u00a0Paul Singer\u00a0is known for conducting a long financial battle against Argentina and making political contributions to Republican causes. But at his core he is an activist hedge fund manager and he is making [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39975","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=39975"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39975\/revisions"}],"predecessor-version":[{"id":39976,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39975\/revisions\/39976"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}