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.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.