Harwood Feffer LLP Announces Investigation of Proposed Sale of WebMD Health Corp.

NEW YORK, July 24, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of WebMD Health Corp. ("WebMD" or the "Company") (NASDAQ: WBMD) concerning the proposed sale of the Company to Internet Brands ("Internet Brands").

Under the terms of the agreement, Internet Brands would acquire WebMD in a transaction valued at approximately $2.8 billion.  Pursuant to the deal, WebMD stockholders will receive $66.505 in cash per share.  At least one Wall Street analyst has set a target price for the Company stock of $72.00.

Our investigation concerns whether the WebMD board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own WebMD shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Daniella Quitt, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: dquitt@hfesq.com  
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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SOURCE Harwood Feffer LLP