WebMD Health Corp. (WBMD: Quote) announced the preliminary results of its tender offer to repurchase up to $150 million of its common stock through a modified "Dutch auction" tender offer. WebMD expects to acquire 5,769,230 shares of its common stock at a price of $26.00 per share.
WebMD Health gapped open lower Wednesday and declined until the middle of the morning. The stock finished down by 2.42 at $23.29 on above average volume and dropped to a new low for the year.
Click here to receive FREE breaking news email alerts for WebMD Health Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org