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Webmd Health Corp Announces Repurchase Of Shares From Icahn Group


Monday, 21 Oct 2013 07:10am EDT 

WebMD Health Corp announced that it has entered into an agreement to repurchase all of the shares of WebMD common stock beneficially owned by Carl C. Icahn and certain of his affiliates, at a purchase price of $32.08 per share, the NASDAQ Official Closing Price of WebMD's common stock on October 18, 2013. The total purchase price for the approximately 5.5 million shares will be $177.3 million and will be funded from WebMD's cash and cash equivalents on hand. This transaction is expected to be completed today. 

Company Quote

38.97
0.26 +0.67%
24 Oct 2014