HLTH Corp. (HLTH) and its publicly traded subsidiary, WebMD Health Corp. (WBMD), announced Thursday morning that they have entered into a definitive merger agreement. HLTH will merge into WebMD in a tax-free, all-stock transaction.
HLTH Corp. rose steadily during the first half hour of trade Thursday and climbed further in the final 2 hours of the afternoon. Shares finished up by $1.50 at $13.26 on above average volume. The stock broke out to a new high for the year.
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