WebMD Health Corp. (WBMD) 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 has gapped open sharply lower Wednesday and is now down 1.82 at $23.89. The stock has fallen below support and has set a new low for the year.
by RTT Staff Writer
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