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Ebix Inc

  • Deals of the day -- mergers and acquisitions Thursday, 2 May 2013 | 6:02 AM ET

    **Goldman Sachs Group Inc affiliate plans to spend $743 million to buy Ebix Inc, an insurance software provider that has been a target of allegations from short-sellers about inaccuracies in its financial statements.

  • UPDATE 1-Goldman comes to aid of Ebix with buyout offer Wednesday, 1 May 2013 | 6:29 PM ET

    May 1- A Goldman Sachs Group Inc affiliate plans to spend $743 million to buy Ebix Inc, an insurance software provider that has been a target of allegations from short-sellers about inaccuracies in its financial statements.

  • MARKET PULSE-Merck, Titan Pharma, Neutral Tandem, Synacor, Brightcove Wednesday, 1 May 2013 | 1:01 PM ET

    **MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.

  • CORRECTED-Goldman Sachs affiliate to buy insurance software maker Ebix for $743 mln Wednesday, 1 May 2013 | 10:02 AM ET

    May 1- Ebix Inc, which makes software for insurance companies, said it agreed to be acquired by an affiliate of Goldman Sachs& Co for about $743 million. The offer price of $20 per share represents a 7.5 percent premium to Ebix's Tuesday close on the Nasdaq. The total value of the deal is $820 million, including debt.

  • Goldman Sachs affiliate to buy insurance software maker Ebix for $743 mln Wednesday, 1 May 2013 | 9:40 AM ET

    May 1- Ebix Inc, which makes software for insurance companies, said it agreed to be acquired by an affiliate of Goldman Sachs& Co. for about $743 million. The offer price of $20 per share represents a 2.6 percent premium to Ebix's Tuesday close on the Nasdaq. The total value of the deal is $820 million, including debt.

  • BRIEF-Goldman Sachs affiliate to buy Ebix for $20/shr Wednesday, 1 May 2013 | 9:40 AM ET

    *Enters into merger agreement to be acquired by an affiliate of Goldman Sachs. *Says under the terms of the agreement, Ebix shareholders will receive $20.00. *Board of directors of Ebix has approved the merger agreement.