WebMD repurchases remaining Icahn stake

|About: WebMD Health Corp (WBMD)|By:, SA News Editor

WebMD (WBMD) repurchases Carl Icahn's remaining 5.5M share stake in the company at $32.08/share for a total of $177.3M.

After the purchase, WebMD has 40.4M shares outstanding, $550M in cash, and $652M in convertible notes. $54M remains available under the company's share repurchase authorization.

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