WebMD Health Corp. (NASDAQ: WBMD) is off to an incredibly strong start in the market this morning, and for good reason. There’s a rumor breaking suggesting that the company may soon be taken over. Of course, this is leading to excitement among investors, causing gains in the stock and prompting our partners at Trade Ideas to alert us to the movement. At the moment (9:44), WBMD is trading at $56.83 per share after a gain of $2.02 per share (3.69%) thus far today.
WBMD Gains On Takeover Rumors
As mentioned above, WebMD Health is off to an incredibly strong trading session thus far today after rumors started breaking around the stock. The rumor suggests that the company will soon be taken over. While the rumor does not yet suggest who the suitor might be, it does suggest that the price of the takeover will come to $66 per share.
While this is a rumor, it’s also based in truth. You see, WBMD is in the process of taking bids and it has been suggested that the company wants a 20% premium. As a result, the suggestion that a company may come in and take it over, well, that’s a no brainer. So, this is definitely an interesting one. Nonetheless, at the moment, it is still a rumor, which means it comes with risk.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on WBMD. In particular, we’re interested in learning if a takeover is indeed going to happen at $66 per share. Of course, if it does, the move would return incredible value to shareholders. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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