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.
Ebix, Inc. (Ebix) is an international supplier of software and e-commerce solutions to the insurance industry. Shares of EBIX traded higher by 4.78% or $0.89/share to $19.50. In the past year, the shares have traded as low as $12.08 and as high as $24.90. On average, 584739 shares of EBIX exchange hands on a given day and today's volume is recorded at 24014.
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