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WebMD Health commences tender offer of 5.7M shares

AP
posted: 15 DAYS 15 HOURS AGO
Text SizeAAA
NEW YORK -WebMD Health Corp. said Tuesday it had begun a tender offer to repurchase up to 5.7 million shares at $37 per share.
The offer is higher than the $36 a share proposed on Nov. 3, the health information services company said. It is also a 3.5 percent premium over its closing price Monday.
The company said the number of shares for purchase represent about 10 percent of WebMD's outstanding stock.
The tender offer will expire on Dec. 10.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-10 08:47:11
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