Wygod, Chairman and Acting CEO of HLTH
and WebMD Contacts: Investors: Risa Fisher, rfisher@webmd.
The Schaeffer's put/call open interest ratio (SOIR) for HLTH
is just 0.
Wygod, Acting CEO and Chairman of HLTH
and Chairman of WebMD said, "We are very pleased to announce this merger transaction today and believe that it is in the best interests of both HLTH
and WebMD stockholders to combine the companies at this time.
Zacks reports that six of the nine analysts following HLTH
rate it a "hold.
At March 31, 2009, HLTH
had approximately $828 million in cash and investments, of which $332 million is attributable to WebMD.
In addition, HLTH
uses Adjusted EBITDA in the incentive compensation programs applicable to many of its employees in order to evaluate HLTH
has been informed by the Depositary that, after giving effect to the priority for "odd lots," the final proration factor is approximately 97.
Since the offer was oversubscribed, the number of shares HLTH
will purchase from each tendering shareholder will be pro-rated.
Stockholders of HLTH
should read the Offer to Purchase and Letter of Transmittal in their entirety before any decision is made with respect to the Offer.
is not providing consolidated financial guidance at this time.
27 /PRNewswire-FirstCall/ -- HLTH
Corporation announced today that it has commenced its tender offer to purchase up to 80,000,000 shares of its common stock at a price per share of $8.