Here's Why WebMD Health Corp. Is Soaring Today
The trading week began pleasantly for shareholders in WebMD Health Corp. (NASDAQ: WBMD). The health information services provider's stock price was up more than 19% as of 11:52 a.m. EDT Monday after the company announced that it is being taken private.
Internet Brands, a portfolio company of the global investment firm KKR, has agreed to acquire WebMD for $2.8 billion. The deal values WebMD at $66.50 per share, which represents a 20% premium over Friday's closing price.
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Source: Fool.com