WebMD Health Corp.
WEBMD HEALTH CORP. (WBMD) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of WebMD Health Corp.
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of WebMD Health Corp. (NASDAQGS: WBMD) (“WebMD” or the “Company”) relating to the sale of the Company to Internet Brands, a portfolio company of private equity firm KKR & Co. L.P. (“KKR”). On July 24, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Internet Brands will acquire WebMD in a merger, via a tender offer worth $2.8 billion. As a result of the merger, WebMD’s shareholders are only anticipated to receive $66.50 per share in cash in exchange for each share of WebMD.
Our Firm's investigation so far has discovered that the process leading up to the announcement of the merger appears to have significant conflicts of interest, thus making the process and consideration unfair.
Andrews & Springer is also investigating whether WebMD’s directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value. Our investigation is also looking into whether WebMD’s top executives were conflicted and acted in their own self-interest when approving the merger.
If you own shares of WebMD and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/webbed-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.