WebMD (WBMD) Tender Offer ($75 profit)

Company: WebMD Health Corp.
Ticker: WBMD
Market Cap: $1.8B
Size of Action: $97mm
Type of Transaction: Tender offer with odd-lot provision
Current Price: $47.74
Exchange Price: $48.50
Potential Gain (%): 1.6%
Expiration: 5pm EST, September 9, 2014
Tender Limit (Shares): 99
Max Investment ($): $4,726
Max Gain ($): $75
Sec Filing: Link
Summary: WebMD Health Corp., is offering to purchase up to 2,000,000 shares of its common stock at a price of $48.50 per share.
Odd Lots: "...we will purchase all shares properly tendered on a pro rata basis, except for “odd lots” (lots held by owners of fewer than 100 shares), which we will purchase on a priority basis..."
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