WebMD Health Corp. announced it would spend as much as $75 million to buy back stock. The publicly traded health information service company's portfolio of websites and publications includes drugs.com, emedicineHealth, MedicineNet, Medscape, Medscape Education, RxList and WebMD Health.
WebMD announces stock buyback plan
The company announced the stock repurchase in a news release. Separately, in a filing with the U.S. Securities and Exchange Commission, WebMD disclosed that shareholders would vote at an upcoming meeting on a proposal for annual say-on-pay votes, or advisory votes by shareholders regarding the company’s executive compensation.
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