High-flying Healtheon Corp. could be taking shareholders of MedE America Corp. for a pleasant ride indeed, but sources say hold on to those tummies. At presstime, the $545 million stock swap, 0.6593 Healtheon shares for each share of MedE, valued the target’s shares at $42, based on a collar on the swap. At presstime, MedE, which has a float of only four million shares, closed at $33.63, representing a 25% spread to its value in the deal. Healtheon closed at $84.88.
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