Activist investor Carl Icahn will do some selling instead of buying this time around. In an amended 13D filed with the SEC today, Icahn has said that his investment vehicles will sell 5,527,433 shares of WebMD (WBMD) back to the company for $32.08 per share.
Previously, Icahn owned 12% of WebMD (WBMD). The transaction will close today (Monday October 21st).
For more activity from this activist, we recently highlighted Icahn's new Talisman Energy stake.
Monday, October 21, 2013
Carl Icahn To Sell WebMD Shares to Company
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