Healtheon Corporation (HLTH) Message Board

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Technology Stocks : Healtheon Corporation (HLTH)

HLTH 0.120

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Sep 10 5:00 PM EST

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To: bob zagorin who wrote (514)	3/21/2000 8:23:00 PM
From: B.D.Bauden	Read Replies (1) of 861

ONHN is not going to "reconsider" the deal with HLTH. ONHN is so broke it had to borrow $30 million from HLTH in order to stay in business long enough for the merger to be completed. The following is from the 8K filing: "In February 2000, we agreed to merge with Healtheon/WEBMD Corporation ("Healtheon/WEBMD"). In connection with the merger agreement, Healtheon/WEBMD has agreed to lend us up to $30 million for working capital needs. The amounts borrowed under this line of credit are due on February 15, 2001. We believe our cash and cash equivalents, including the $30 million lending commitment by Healtheon/WEBMD, will be sufficient to fund our operations through December 31, 2000."

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