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 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.
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: email@example.com