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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

35.08USD
16 Aug 2019
Change (% chg)

$1.18 (+3.48%)
Prev Close
$33.90
Open
$34.39
Day's High
$35.90
Day's Low
$34.19
Volume
107,331
Avg. Vol
128,616
52-wk High
$81.35
52-wk Low
$33.88

Latest Key Developments (Source: Significant Developments)

Ebix To Acquire Yatra Online In Transaction With A Net Equity Value Of $239 Mln
Wednesday, 17 Jul 2019 07:30am EDT 

July 17 (Reuters) - Ebix Inc ::EBIX SIGNS AGREEMENT TO ACQUIRE YATRA ONLINE, CREATING INDIA’S LEADING TRAVEL SERVICES PLATFORM.EBIX INC - EACH ORDINARY SHARE OF YATRA WILL BE ENTITLED TO RECEIVE 0.005 SHARES OF A NEW CLASS OF PREFERRED STOCK OF EBIX.EBIX INC - EACH SHARE OF EBIX CONVERTIBLE PREFERRED STOCK RECEIVED FOR EACH YATRA SHARE WILL BE CONVERTIBLE INTO 20 SHARES OF COMMON STOCK OF EBIX.EBIX INC - TRANSACTION IMPLIES A NET EQUITY VALUE OF $239 MILLION.EBIX INC - TARGETING AN EBIXCASH IPO IN Q2 OF 2020..  Full Article

Ebix Commences EbixCash IPO Process While Targeting A Q2 2020 IPO
Tuesday, 18 Jun 2019 08:33am EDT 

June 18 (Reuters) - Ebix Inc ::EBIX COMMENCES EBIXCASH IPO PROCESS WHILE TARGETING A Q2 2020 IPO.EBIX INC - IN ADVANCED STAGES OF SELECTION OF INVESTMENT BANKERS, TOWARDS LAUNCHING EBIXCASH IPO ON INDIAN STOCK EXCHANGES.EBIX INC - DETAILS OF IPO IN TERMS OF TARGETED MONEY RAISE AND BANKERS WHO WOULD LEAD THIS EXERCISE WILL BE ANNOUNCED IN DUE COURSE..EBIX INC - BOARD HAS APPROVED PROCESS OF APPOINTMENT OF UP TO 5 INVESTMENT BANKERS, WITH IPO TARGETED TIMELINE OF Q2 2020 FOR EBIXCASH OPERATIONS.  Full Article

Ebix Reports Reports Q1 Results
Thursday, 9 May 2019 07:30am EDT 

May 9 (Reuters) - Ebix Inc ::EBIX REPORTS RECORD RESULTS WITH Q1 2019 GAAP OPERATING CASH FLOW OF $38.5 MILLION ON 51% GROWTH AND GAAP REVENUES OF $142.9M ON 32% GROWTH.Q1 NON-GAAP EARNINGS PER SHARE $1.04.Q1 EARNINGS PER SHARE ESTIMATE $0.93 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE $0.84.  Full Article

Ebix Says Intends To Merge Yatra Online In Its Indian Ebixcash Subsidiary Set Up
Tuesday, 19 Mar 2019 07:29am EDT 

March 19 (Reuters) - Ebix Inc ::RIDING ON STRONG SALES MOMENTUM AND ITS PROVEN ACQUISITION STRATEGY, EBIXCASH INDIA OPERATIONS TARGET $600 MILLION IN QUARTERLY ANNUALIZED REVENUE BY Q4 2019.EBIX INC - OFFICIALLY ENGAGED WITH YATRA ONLINE, INC. TO COMMENCE ITS DUE DILIGENCE IMMEDIATELY.EBIX INC - INTENDS TO MERGE YATRA ONLINE IN ITS INDIAN EBIXCASH SUBSIDIARY SET UP.EBIX INC - ITS EBIXCASH OPERATION IS TARGETING QUARTERLY ANNUALIZED OPERATING INCOME OF $180 MILLION OR MORE BY Q4 OF 2019.EBIX INC - WORKING TOWARDS SIGNING AGREEMENT TO ACQUIRE YATRA ONLINE LATEST BY 15TH MAY 2019.  Full Article

Ebix Offers To Acquire India's Yatra Online for $7/share
Monday, 11 Mar 2019 09:53am EDT 

March 11 (Reuters) - Ebix Inc ::EBIX OFFERS TO ACQUIRE INDIA’S LARGEST CORPORATE TRAVEL EXCHANGE, YATRA ONLINE, INC..EBIX INC - PROPOSED DEAL FOR $7 PER SHARE ON A DEBT-FREE BASIS.EBIX INC - OFFER TO ACQUIRE 100% OF OUTSTANDING STOCK OF YATRA ONLINE FOR $7 PER SHARE ON A DEBT-FREE BASIS.EBIX INC - EBIX WOULD PAY FOR YATRA ONLINE AT ITS DISCRETION EITHER IN CASH OR BY ISSUING FREELY TRADEABLE EBIX STOCK..EBIX INC - OFFER CONTEMPLATES ASSUMPTION OF ALL YATRA ONLINE RECEIVABLES, CASH AND RESTRICTED CASH WORTH AT LEAST $25 MILLION AT TIME OF CLOSING.EBIX INC - WOULD PAY FOR YATRA ONLINE AT ITS DISCRETION EITHER IN CASH OR BY ISSUING FREELY TRADEABLE EBIX STOCK.EBIX INC - EBIX EXPECTS THAT COMBINATION OF TWO COMPANIES CAN GENERATE BETWEEN 25 TO 30 CENTS ACCRETION FOR SHAREHOLDERS OF COMBINED EBIX COMPANY.EBIX INC - IN CASE EBIX DECIDES TO PAY FOR ACQUISITION IN EBIX STOCK, THEN EBIX STOCK WILL CARRY A MINIMUM COLLAR VALUE OF $59 PER EBIX SHARE.EBIX INC - EBIX INTENDS TO MERGE YATRA ONLINE IN ITS INDIAN EBIXCASH SUBSIDIARY SET UP..EBIX-BELIEVES YATRA ONLINE CAN GENERATE REVENUE UPWARDS OF $150 MILLION/ YEAR WITH 30%+ OPERATING MARGINS ON POST-CLOSING BASIS, WITHIN 6 MONTHS OF ACQUISITION BY CO.EBIX-RESERVES RIGHT TO REDUCE OFFER AT DISCRETION IF IT DOES NOT RECEIVE A POSITIVE ENGAGEMENT RESPONSE FROM YATRA ONLINE BOARD IN TIMELY MANNER.EBIX-RESERVES RIGHT TO WITHDRAW THE OFFER, IF YATRA BOARD DECLINES TO ALLOW EBIX TO PROCEED WITH DUE DILIGENCE BY 5:00PM EST ON 18TH MARCH 2019..  Full Article

Ebix Announces Quarterly Annualized Revenue Goal Of 3 Quarters Of A Billion By Q4 2019
Tuesday, 5 Mar 2019 07:30am EST 

March 5 (Reuters) - Ebix Inc ::EBIX ANNOUNCES ASPIRATIONAL QUARTERLY ANNUALIZED REVENUE GOAL OF THREE QUARTERS OF A BILLION BY Q4 2019.EBIX INC - TARGETING AN ASPIRATIONAL REVENUE GOAL OF $750 MILLION QUARTERLY ANNUALIZED REVENUE BY Q4 OF 2019.EBIX INC - PRESENTLY WORKING ON A FEW ACQUISITION TRANSACTIONS THAT CAN BE MATERIAL TO ITS RESULTS FOR 2019.  Full Article

Ebix Acquires India's Travel Technology Provider Zillious
Wednesday, 13 Feb 2019 07:40am EST 

Feb 13 (Reuters) - Ebix Inc ::EBIX ACQUIRES INDIA’S LEADING NON-ALIGNED TRAVEL TECHNOLOGY PROVIDER ZILLIOUS.EBIX INC - EBIX IS FUNDING TRANSACTION IN CASH, USING ITS INTERNAL CASH RESERVES.EBIX INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO EBIX EARNINGS IMMEDIATELY.EBIX - UNIT ACQUIRED 80 PCT CONTROLLING STAKE IN ZILLIOUS SOLUTIONS PRIVATE LIMITED.EBIX INC - INTENDS TO KEEP ZILLIOUS AS A NON-ALIGNED TECHNOLOGY PLATFORM.EBIX INC - EBIX HAS RETAINED BOTH PROMOTER FOUNDERS OF ZILLIOUS - HARSH AZAD AND ROHIT GADDI.  Full Article

Ebix Inc Says Unit Makes Open Offer To Buy 100 Pct Of Weizmann Forex
Tuesday, 12 Feb 2019 01:56am EST 

Feb 12 (Reuters) - Ebix Inc ::UNIT, EBIXCASH MAKES OPEN OFFER TO COMPLETE 100 PERCENT ACQUISITION OF WEIZMANN FOREX.  Full Article

Ebix Inc - Third Party Firm Concluded Co Successfully Remediated Weakness In Internal Control In Income Taxes & Business Combinations As Of Dec 31, 2018
Tuesday, 5 Feb 2019 07:44am EST 

Feb 5 (Reuters) - Ebix Inc ::RENOWNED NORTH AMERICAN FIRM (THAT SPECIALIZES IN ACCOUNTING INVESTIGATIONS AND COMPLIANCE) CONCLUDES THAT EBIX HAS REMEDIATED MATERIAL WEAKNESS.EBIX INC - CONCLUSIONS OF THIRD PARTY FIRM HAVE BEEN ACCEPTED BY COMPANY'S AUDIT COMMITTEE.EBIX - THIRD PARTY FIRM CONCLUDED CO SUCCESSFULLY REMEDIATED WEAKNESS IN INTERNAL CONTROL IN INCOME TAXES & BUSINESS COMBINATIONS AS OF DEC 31, 2018.  Full Article

Ebix Provides Business Update, Reviews International Expansion Plans
Friday, 11 Jan 2019 11:53am EST 

Jan 11 (Reuters) - Ebix Inc ::EBIX PROVIDES BUSINESS UPDATE AND REVIEWS INTERNATIONAL EXPANSION PLANS.EBIX INC - EXPANSION PLANS IN MIDDLE EAST, ASEAN AND PACIFIC MARKETS IN NEAR TERM.EBIX INC - CONTINUES TO PURSUE PLANS FOR A PROSPECTIVE IPO FOR ITS EBIXCASH OPERATIONS IN INDIA AND ABROAD.EBIX INC - COMPANY COMPENSATION COMMITTEE ACCEPTED EBIX CEO ROBIN RAINA'S REQUEST TO FOREGO HIS CASH SALARY.EBIX INC - COMPANY ACCEPTED EBIX CEO ROBIN RAINA'S REQUEST ACCEPT EBIX STOCK FOR EQUIVALENT VALUE OF CASH SALARY EVERY MONTH.  Full Article

Software firm Ebix offers to buy India's ticketing firm Yatra

U.S. software firm Ebix Inc said on Monday it has offered to buy Indian travel services company Yatra Online Inc for $336 million in a cash-and-stock deal to add to its portfolio of Indian travel companies with a focus on a niche segment.