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WebMD Gives Janus a Way Out of Feeble Stock

Fund firm to get right to sell shares bought in private placement.

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If Janus Capital is getting sick of its ill-fated bet on the ailing internet health-information company WebMD (HLTH), it soon will have a way out.

WebMD has filed documents with the Securities and Exchange Commission giving Denver-based Janus the right to sell the 15 million restricted shares of WebMD that the fund family picked up for $930 million in a private placement in January.

Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.