HLTH Corporation (HLTH) Announces Final Results of 80 Million Share Tender Offer

December 3, 2008 10:22 AM EST

HLTH Corporation (Nasdaq: HLTH) announced final results of its tender offer to purchase up to 80,000,000 shares of its common stock at a price of $8.80 per share, which expired at 5:00 p.m., New York City time on November 25, 2008. As previously announced, HLTH exercised its right to purchase an additional 2% of its outstanding shares without extending the tender offer and has accepted for purchase 83,699,922 shares, including all "odd lots" properly tendered, at a purchase price of $8.80 per share, for a total cost of approximately $736.6 million.

Based on the final tabulation by American Stock Transfer & Trust Company, the Depositary for the tender offer, 85,821,641 shares of common stock were properly tendered and not withdrawn or tendered conditionally. HLTH has been informed by the Depositary that, after giving effect to the priority for "odd lots," the final proration factor is approximately 97.513%.

HLTH Corporation, formerly Emdeon Corporation, operates through its segments: WebMD and Porex[SM]

Related Categories

Stock Buybacks

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?