Shareholders Foundation, Inc.

WebMD Health Corp. (NASDAQ:WBMD) Investor Lawsuit Against Takeover by Internet Brands Filed

A lawsuit was filed for investors in shares of WebMD Health Corp. (NASDAQ:WBMD) in connection with the proposed takeover and NASDAQ:WBMD stockholders should contact the Shareholders Foundation.


San Diego, CA -- (SBWIRE) -- 08/16/2017 -- The Shareholders Foundation announces that an investor, who currently holds shares of WebMD Health Corp. (NASDAQ:WBMD), filed a lawsuit against the takeover of WebMD Health Corp. by Internet Brands.

Investors who purchased shares of WebMD Health Corp. (NASDAQ:WBMD) and currently hold any of those NASDAQ:WBMD shares have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:WBMD stockholders by agreeing to sell WebMD Health Corp cheaply via an unfair process to Internet Brands,.

On August 07, 2017, Internet Brands, a KKR portfolio company, announced the commencement of a cash tender offer to purchase all of the issued and outstanding shares of common stock of WebMD Health Corp. (NASDAQ:WBMD) at a price of $66.50 per share, net to the seller in cash without interest and less applicable withholding taxes.

However, plaintiff claims that the proposed consideration NASDAQ:WBMD shareholders will receive is grossly inadequate and undervalues WebMD Health Corp. Indeed, at least one analyst has set the high target price for NASDAQ:WMBD shares at $72.00 per share. WebMD Health Corp. reported that its annual Total Revenue rose from $636.40 million in 2105 to $705.05 million in 2016 and that its Net Income increased from $64.02 million to $91.30 million. In addition, the plaintiff alleges that the process is also unfair NASDAQ:WBMD stockholders.

On August 15, 2017, NASDAQ:WBMD shares closed at $66.33 per share.

Those who are current investors in WebMD Health Corp. shares have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739