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US: Goldman Sachs affiliate makes move on insurance software co

 |  May 1, 2013

Insurance software company Ebix, Inc. has agreed to a buyout deal that sees the company acquired by an affiliate of Goldman, Sachs & Co. for about $820 million. According to a press release, Ebix’s board of directors has approved of the deal and a vote will now land in the hands of shareholders, who will receive $20.00 per share. Despite the approval, Ebix will also be allowed to hear additional bids from third parties for the next 45 days. The deal remains subject to regulatory approvals.

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