SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation
of Ebix, Inc. - EBIX
BALA CYNWYD, Pa., May 1, 2013
BALA CYNWYD, Pa., May 1, 2013 /PRNewswire/ --Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Ebix, Inc. ("Ebix" or the "Company") (Nasdaq: EBIX) relating to
the proposed acquisition Goldman, Sachs & Co. ("Goldman").
Click here to learn more about the investigation
http://brodsky-smith.com/579-ebix-ebix-inc.html, or call: 877-534-2590.
Under the terms of the transaction, Ebix shareholders will receive only $20.00
in cash for each share of Ebix stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state law by the
Board of Directors of Ebix for not acting in the Company's shareholders' best
interests in connection with the sale process. The transaction may undervalue
Ebix and will result in loss for many long term Ebix shareholders. For
example, Ebix stock traded at $23.06 per share as recently as November 1, 2012
and traded at $26.19 per share on February 7, 2012. In addition, an analyst
has set a price target for Ebix stock at $24.00 per share.
If you own shares of Ebix stock and wish to discuss the legal ramifications of
the proposed transaction, or have any questions, you may e-mail or call the
law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky,
Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
http://brodsky-smith.com/579-ebix-ebix-inc.html, by calling toll free
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case action
lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous
courts throughout the country to serve as lead counsel in class actions and
successfully recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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