WebMD, HLTH shareholders will now decide companies' merger on Oct. 23

By Lisa Kerner

Charlotte, N.C., Sept. 15 - WebMD Health Corp. and HLTH Corp. have moved their annual meeting dates to 9:30 a.m. ET on Oct. 23 from Sept. 25, according to a form 8-K filed with the Securities and Exchange Commission.

The companies said they postponed the meetings to allow for sufficient time to mail the definitive joint proxy statement/prospectus.

The SEC declared the registration statement on form S-4 effective on Monday.

The record date for the meetings remains Sept. 8.

In June, HLTH agreed to merge into WebMD, its publicly traded subsidiary, in a tax-free, all-stock transaction that was expected to close in the third or fourth quarter of 2009.

As previously reported, HLTH owns 48.1 million shares of WebMD class B common stock, or approximately 80% of WebMD's equity.

WebMD's class B shares will be retired in the merger, and each outstanding share of HLTH common stock will convert into 0.4444 shares of WebMD class A common stock.

HLTH is a health-care business, technology and information services company based in Elmwood Park, N.J.

New York-based WebMD provides health information services through its online portals and publications.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.