McKesson says offer price of EU23 per share represents 39% premium over 3-mo VWAP prior to market speculation that began on Oct. 8. • Says total transaction valued at EU6.1b, to fund a portion with cash, has put a bridge financing facility in place to fund the balance • Expects tender offers to commence during McKesson’s fiscal 3Q 2014, ending Dec. 31 and conclude in McKesson’s fiscal 4Q 2014, but no earlier than Jan. 17 • Expects to complete required steps to obtain operational control of Celesio during McKesson’s fiscal 2015 • Expects to realize annual synergies between $275m-$325m, sees deal being $1.00-$1.20 accretive to adj. EPS in the first 12-mos following successful completion of tender offers • Says after transaction McKesson and Celesio expect to maintain their own brands and continue to support customers through existing channels • Conf. call 8:30am ET/2.30pm CET: +1 719-234-7317 • NOTE: McKesson Offers EU23 a Share to Acquire Celesio • Related: • Oct. 23: Mckesson said planning to pay about EU22-Shr for Celesio stake • Oct. 8: Celesio, McKesson in advanced talks, DJ says • McKesson, Celesio strategic alliance more likely, DZ Bank says • Sept. 11: Celesio attractive asset for strategic, PE buyers: Market Secs • NOTES: • Celesio Short Interest: Has 2.5% of shares outstanding, 6.35 days to cover: Markit (as of Oct. 21) • Celesio Convertibles: • 2014: conversion price EU22.49, fixed coupon 3.75% • 2018: conversion price EU22.48, fixed coupon 2.5% • Top Celesio Shareholders: Bloomberg data • Haniel 50.01%, Blackrock 4.7%, Franklin Resources 2.65%, Capital Group 2.63%, Norges Bank 1.48%