An investigation on behalf of investors of WebMD Health Corp. (NASDAQ:WBMD) in connection with the proposed takeover was announced.
San Diego, CA -- (SBWIRE) -- 08/08/2017 -- An investigation was announced for investors, who currently hold shares of WebMD Health Corp. (NASDAQ:WBMD), was announced concerning whether the takeover of WebMD Health Corp. by Internet Brands is unfair to NASDAQ:WBMD stockholders.
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 email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of WebMD Health Corp. breached their fiduciary duties owed to NASDAQ:WBMD investors in connection with the proposed acquisition.
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, given that at least one analyst has set the high target price for NASDAQ:WMBD shares at $72.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:WBMD stockholders. More specifically, the investigation concerns whether the WebMD Health Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On August 7, 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.
3111 Camino Del Rio North - Suite 423
92108 San Diego