Limeade (ASX:LME) - CEO, Henry Albrecht
CEO, Henry Albrecht
Source: Limeade
The Market Herald - At The Bell

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  • Limeade’s (LME) shares soar after American healthcare portal WebMD Health Corp announced it will take over the company
  • WebMD will have 100 per cent ownership of shares at a 325 per cent premium from the last traded price on June 8, 2023
  • Once the acquisition has been completed Limeade will become a fully-owned subsidiary of WebMD
  • Shares skyrockets 305 per cent to 40.5 cents at market close

Employee engagement company Limeade’s (LME) shares have soared after American healthcare portal WebMD Health Corp announced it will take over the company.

WebMD Health Services will acquire 100 per cent of shares at a 325 per cent premium from the last traded price on June eight. The transaction has valued Limeade at roughly $111.5 million.

“Limeade and WebMD Health Services creates the only truly complementary combination of culture and well-being in the market, allowing us to maximise health and well-being for all people and deliver better service, support and capabilities for our clients,” Limeade CEO Henry Albrecht said.

Once the acquisition has been completed, Limeade will become a fully-owned subsidiary of WebMD and will no longer trade on the ASX.

Limeade skyrocketed 305 per cent to 40.5 cents at market close.

LME by the numbers
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