Law Firm Brower Piven Announces Investigation of Ebix, Inc. Proposed Buyout
STEVENSON, Md. -- May 1, 2013
The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Ebix, Inc. (“Ebix” or the “Company”) (Nasdaq: EBIX)
and other violations of state law by the board of directors of Ebix relating
to the proposed acquisition of the Company by an affiliate of Goldman, Sachs &
Co. The firm’s investigation seeks to determine, among other things, whether
the board of directors of Ebix breached their fiduciary duties by failing to
maximize shareholder value.
As stated in the press release announcing the proposed buyout, Ebix
shareholders will receive $20.00 in cash for each share of common stock they
own. According to Yahoo! Finance, the median and high analyst price target is
$23.50 and $24.00 per Ebix share, respectively.
If you currently own common stock of Ebix and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
email@example.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
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