Tuesday, October 25, 2011

Soros Takes 5.6% Stake In WebMD

WSJ reports that hedge fund manager George Soros has taken a roughly 5.6% interest in WebMD Health Corp. (WBMD), according to a regulatory filing made Monday.

The disclosure helped push the company's shares up further this month following a deep slump in its stock triggered by customer-related delays and cancellations. WebMD recently boosted its stock-repurchase program by $75 million, bringing its total buyback authorization to about $90 million…

For more of this http://online.wsj.com/article/BT-CO-20111024-716848.html

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