Notable Mergers and Acquisitions of the Day 6/18: HLTH/WBMD, ORC...

Courtesy StreetInsider.com News Articles  Thu, 06/18/2009 - 07:41
  • HLTH Corporation (Nasdaq: HLTH) and its publicly traded subsidiary, WebMD Health Corp. (Nasdaq: WBMD) entered into a definitive merger agreement pursuant to which HLTH will merge into WebMD in a tax-free, all-stock transaction.

    WebMD will be the surviving company in the merger. Martin J. Wygod will serve as Chairman of the Board and Wayne Gattinella will serve as President and Chief Executive Officer of the combined company.

    HLTH currently owns 48.1 million shares of WebMD Class B Common Stock, which...
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