Goldman Sachs Group to Take Ebix Private

By on May 2, 2013
Net 1 Bribe Class Action Lawsuit

Ebix Inc, a manufacturer of software for insurance companies, announced that it has agreed to be acquired by an affiliate of Goldman Sachs & Co for approximately $743 million.  Under the terms of the agreement, Ebix shareholders will receive $20 per share, representing a 7.5% premium to the closing price on Tuesday.

Shares of Ebix are trading above $20 per share intraday Thursday.

According to Yahoo Finance, one analyst has estimated that the value of Ebix stock could be as high as $24.00 per share.  Additionally, Ebix’s 52-week high stock value is $24.62 per share, which occurred last September.

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