Internet Brands, a KKR Portfolio Company, Successfully Completes Cash Tender Offer for Shares of WebMD
WEBMD HEALTH (WBMD)
Last webmd health earnings: 5/2 04:01 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
NEW YORK, Sept. 15, 2017 (GLOBE NEWSWIRE) -- WebMD Health Corp. (“WebMD”) (NASDAQ:WBMD) and Internet Brands, a KKR portfolio company, announced today the successful completion of the previously announced cash tender offer launched by its affiliates, MH Sub I, LLC (“MH Sub I”) and Diagnosis Merger Sub, Inc. (“Diagnosis Merger Sub”) for all of the issued and outstanding shares of common stock of WebMD at a price of $66.50 per share, net to the seller in cash without interest and less any applicable withholding taxes. The tender offer expired at 5:00 P.M., New York City time, on September 14, 2017. As of the expiration of the tender offer, a total of 30,583,187 shares of common stock of WebMD representing 78.69% of the issued and outstanding shares of WebMD (including restricted shares), were tendered into and not withdrawn from the tender offer. In addition, 2,392,131 shares of common stock of WebMD have been tendered by guaranteed delivery, representing approximately 6.16% of the th
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