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HLTH Corp., WebMD Merger Axed; Current Credit Crunch Is Culprit

in News on October 20, 2008 at 8:01 am PT

HTLH Corp. and WebMD today terminated their merger agreement–the latest casualty of the economic downturn. Though HLTH owns an 84 percent stake in WebMD, WebMD was to be the surviving company in a deal that called for HLTH shares to be converted into 0.1979 shares of WBMD plus $6.89 in cash.