Reuters logo
CORRECTED-Goldman Sachs affiliate to buy insurance software maker Ebix for $743 mln
May 1, 2013 / 1:41 PM / 4 years ago

CORRECTED-Goldman Sachs affiliate to buy insurance software maker Ebix for $743 mln

(Corrects paragraph 2 to say that the offer is at a premium of 7.5 percent, not 2.6 percent)

May 1 (Reuters) - 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. (Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below