WebMD announced that it has entered into an agreement to repurchase all of the shares of WebMD common stock beneficially owned by Carl Icahn and certain of his affiliates, at a purchase price of $32.08 per share, the NASDAQ Official Closing Price of WebMD's common stock on October 18. The total purchase price for the approximately 5.5M shares will be $177.3M and will be funded from WebMD's cash and cash equivalents on hand. This transaction is expected to be completed today.
- Stocks & Offerings
- Carl Icahn