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WebMD announces preliminary results of tender offer

WebMD Health announced the preliminary results of its tender offer to purchase up to 5M shares of its common stock at a price of $34.00 per share, which expired on September 10. Based on the preliminary count by American Stock Transfer & Trust Company, the Depositary for the tender offer, approximately 28.5M shares of common stock were tendered and not withdrawn, including: approximately 14M shares that were tendered through notice of guaranteed delivery; and approximately 2.5M shares that were conditionally tendered by stockholders and for which the determination whether the applicable conditions were met will be made following the verification process described below. Accordingly, WebMD expects to accept for purchase a total of 5M shares at a purchase price of $34.00 per share, for an aggregate purchase price of $170M.