WebMD Health Corp (WBMD.OQ)
NEW YORK Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying amid a Republican effort to repeal and replace President Obama's signature healthcare law.
BRIEF-WebMD Health provides notice of anticipated make-whole fundamental change/make whole change of control to holders of convertible notes
* WebMD Health Corp. Provides notice of anticipated make-whole fundamental change / make whole change of control to holders of its convertible notes
* Internet Brands - Internet Brands, a KKR portfolio co, announces commencement of tender offer for all outstanding shares of WebMD at $66.50 per share
NEW YORK, July 26 Private equity firm KKR & Co has lined up a syndicate of banks including Credit Suisse, Bank of America Merrill Lynch, Jefferies, Morgan Stanley, RBC Capital Markets, HSBC and Mizuho to underwrite the debt financing for its leveraged buyout of U.S. vitamin and nutritional supplement maker Nature’s Bounty Co, according to three sources familiar with the matter.
NEW YORK, July 25 US online health publisher WebMD Health Corp’s acquisition by KKR & Co-backed Internet Brands will be financed in part by an all-loan debt structure led by Credit Suisse, according to three sources familiar with the matter.
Private equity firm KKR & Co has agreed to buy WebMD Health Corp for about $2.8 billion, bringing a slew of popular online health information websites under one umbrella, and separately said it would buy a major stake in Nature's Bounty Company. | Video
July 24 Private equity firm KKR & Co has agreed to buy WebMD Health Corp for about $2.8 billion, bringing a slew of popular online health information websites under one umbrella, and separately said it would buy a major stake in Nature's Bounty Company.
* Shareholder of WebMD owning approximately 9% of common shares commented on WebMD's agreement to be acquired by KKR & Co LLP Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)
NEW YORK (Reuters Breakingviews) - WebMD's rollup strategy finally got a second opinion. Back in 1999, the online healthcare-information publisher united with another fledging rival in a deal that was backed by Microsoft, Intel and others. KKR is now buying the dot-com survivor for $2.8 billion, far less than the internet-frenzied stock-swap valuation. This fresh merger with Internet Brands may work out better.
* Futures down: Dow 3 pts, S&P 0.25 pts, Nasdaq 2.25 pts (Adds details, comment, updates prices)
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