WebMD Health (WBMD) Plans 2M Share Common Stock Tender Offer
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WebMD Health Corp. Announces Intention To Commence Tender Offer To Repurchase Up To 2,000,000 Shares Of Its Common Stock
November 14, 2016 7:30 AM ESTNEW YORK, Nov. 14, 2016 /PRNewswire/ -- WebMD Health Corp. (Nasdaq: WBMD) announced today that it intends to commence a tender offer within the next week to purchase up to 2,000,000 shares of its common stock at a price per share of $55.00. The number of shares proposed to be purchased in the tender offer represents approximately 5.1% of WebMD's currently outstanding common shares (including outstanding shares of unvested restricted stock). The NASDAQ Official Closing Price of WebMD's common stock on November 11, 2016 was $53.38 per share.Â
WebMD has approximately $1.065 billion in cash and... More
