Goldman Sachs Pays $820M For Insurance Software Co.

Law360, New York (May 1, 2013, 1:43 PM EDT) -- Insurance software developer Ebix Inc. has agreed to be acquired by a Goldman Sachs & Co. affiliate in a go-private deal valued at roughly $820 million that includes the assumption of all outstanding debt, it said Wednesday.

Under the terms of the merger, Ebix investors will receive $20 per share in cash, a premium of about 18 percent over Ebix’s average daily closing price over the past 30 days. Under the deal, Ebix will become a privately owned company.

Ebix CEO Robin Raina said after considering...
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