WebMD Health Corp. (WBMD) announced the preliminary results of its tender offer to purchase up to 5.70 million shares of its common stock at a price of $37.00 per share, which expired on December 10, 2009. Based on the preliminary count by American Stock Transfer & Trust Company, the Depositary for the tender offer, 6.35 million shares of common stock were properly tendered and not withdrawn, including about 1.22 million shares that were tendered through notice of guaranteed delivery.
WebMD expects to accept for purchase all shares that were properly tendered and not withdrawn at a purchase price of $37.00 per share, for a total cost of approximately $235.1 million.
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