HLTH buy back 20% (60 Million shares) of its outstanding shares, very good sign to its stock price. Like Peter Lynch said in his book: there are many reasons that the insiders sell their shares, but there is only one reason they buy: the stock is undervalued and is cheap. We will see HLTH easily to $10
Finance; Emdeon announces commencement of its tender offer
2005 DEC 25 - (NewsRx.com) -- Emdeon Corp. (HLTH) announced that it has commenced its tender offer to purchase up to 60,000,000 shares of its common stock at a price per share of $8.20.
The number of shares proposed to be purchased in the tender offer represents approximately 17.4% of the company's currently outstanding shares. The last reported sales price per share of the company's common stock on the Nasdaq national market on November 22, 2005, was $7.75 per share.
The company's directors and executive officers have advised the company they do not intend to tender any of their shares in the tender offer.
The tender offer is scheduled to expire December 21, 2005, unless extended by the company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer.
The tender offer is subject to a number of terms and conditions described in the offer to purchase that is being distributed to stockholders, including that a minimum of 27,500,000 shares be properly tendered and not properly withdrawn in the offer.
On the terms and subject to the conditions of the tender offer, the company's stockholders will have the opportunity to tender some or all of their shares at a price of $8.20 per share. If stockholders properly tender and do not properly withdraw more than 60,000,000 shares, the company will purchase shares tendered by those stockholders owning fewer than 100 shares, without pro ration, and all other shares tendered will be purchased on a pro rata basis, subject to the conditional tender offer provisions described in the offer to purchase that is being distributed to stockholders.
Stockholders whose shares are purchased in the tender offer will be paid $8.20 per share, net in cash, without interest, promptly after the expiration of the tender offer period.
Finance; Emdeon announces commencement of its tender offer
2005 DEC 25 - (NewsRx.com) -- Emdeon Corp. (HLTH) announced that it has commenced its tender offer to purchase up to 60,000,000 shares of its common stock at a price per share of $8.20.
The number of shares proposed to be purchased in the tender offer represents approximately 17.4% of the company's currently outstanding shares. The last reported sales price per share of the company's common stock on the Nasdaq national market on November 22, 2005, was $7.75 per share.
The company's directors and executive officers have advised the company they do not intend to tender any of their shares in the tender offer.
The tender offer is scheduled to expire December 21, 2005, unless extended by the company. Tenders of shares must be made on or prior to the expiration of the tender offer and may be withdrawn at any time on or prior to the expiration of the tender offer.
The tender offer is subject to a number of terms and conditions described in the offer to purchase that is being distributed to stockholders, including that a minimum of 27,500,000 shares be properly tendered and not properly withdrawn in the offer.
On the terms and subject to the conditions of the tender offer, the company's stockholders will have the opportunity to tender some or all of their shares at a price of $8.20 per share. If stockholders properly tender and do not properly withdraw more than 60,000,000 shares, the company will purchase shares tendered by those stockholders owning fewer than 100 shares, without pro ration, and all other shares tendered will be purchased on a pro rata basis, subject to the conditional tender offer provisions described in the offer to purchase that is being distributed to stockholders.
Stockholders whose shares are purchased in the tender offer will be paid $8.20 per share, net in cash, without interest, promptly after the expiration of the tender offer period.