WebMD purchases more than 5.95 million shares for $220.3 million

By Lisa Kerner

Charlotte, N.C., Dec. 16 - WebMD Health Corp. said it will purchase the 5,954,251 shares of its common stock that were properly tendered and delivered in its offer that ended on Dec. 10 for a total of approximately $220.3 million.

The final results were tabulated by American Stock Transfer & Trust Co., the depositary for the offer, a WebMD news release said.

WebMD offered to purchase up to 5.7 million shares of its common stock at a price of $37 per share.

The company exercised its right to purchase up to an additional 2% of its outstanding shares without extending the offer.

Approximately 52.2 million shares of WebMD's common stock will remain outstanding.

New York-based WebMD provides health information services through its online portals and publications.

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