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WebMD trading halted pending news

Published 07/24/2017, 07:01 AM
© Reuters.  WebMD trading halted pending news
WBMD
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  • Nasdaq has suspended trading in WebMD (NASDAQ:WBMD) pending news, which should be its acquisition by KKR.
  • Previously: Reuters: KKR nears deal to buy WebMD (July 24)
  • Update: WebMD confirms that KKR will acquire it for $66.50/share in cash. Preliminary Q2 EBITDA is $54M versus guidance of $49M - 51M on revenues of $176M (consensus: $171.6M). Shares are up 18% premarket on light volume.
  • Now read: Wall Street Breakfast: Dollar Weakness Weighs On European Exchanges


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