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Hedge Fund Magnetar Sues McKesson Over Celesio Deal

WSJ – Hedge fund Magnetar Financial LLC on Wednesday filed a lawsuit against McKesson Corp. alleging that the U.S. drug retailer breached German law in its takeover of German rival Celesio AG CLS1.XE +1.08% earlier this year, according to documents reviewed by The Wall Street Journal.

Magnetar accuses McKesson of offering a higher price to one large Celesio shareholder, Elliott Management Corp. McKesson officials weren’t immediately available to comment. An Elliott official declined to comment on the lawsuit.

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