WebMD surging following Citi conference talk


WebMD (WBMD +3.4%) is up 10% over the last two days, thanks largely to an upbeat Citi conference presentation (webcast) from CEO David Schlanger.

Among other things, Schlanger mentioned WebMD is actively looking for potential acquisitions. The company had $777M in cash at the end of Q3, and $700M in debt.

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