Ebix Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate
Sale to Goldman Sachs Affiliate
DALLAS -- May 1, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Ebix, Inc. (“Ebix”) (Nasdaq: EBIX) to an affiliate
of Goldman, Sachs & Co. for shareholders. Under the terms of the proposed sale
valued at approximately $820 million (including the assumption of debt), Ebix
shareholders will only receive $20 for each share of Ebix stock owned, well
below at least one analyst’s estimate of $24.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, please contact Willie Briscoe at The Briscoe Law Firm,
PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach
Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
firstname.lastname@example.org. There is no cost or fee to you.
The Ebix sale investigation centers on whether Ebix’s shareholders are
receiving adequate compensation for their shares in the proposed deal, whether
the transaction undervalues Ebix’s stock, and whether Ebix’s board attempted
to obtain the highest share price for all shareholders prior to agreeing to
the deal. Notably, at least one analyst with Yahoo! Finance has estimated that
the true inherent value of Ebix stock could be as high as $24.00 per share.
Moreover, Ebix’s 52-week high is $24.90, well above the proposed sale price.
According to shareholder rights attorney Willie Briscoe, “Due to the size of
the deal, analysts’ estimates, the lack of a significant premium and other
factors, we believe this transaction may undervalue Ebix’s stock. Our proposed
lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Powers Taylor, LLP
Zach Groover, 877-728-9607
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