Ebix Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg
LLP for Potential Breaches of Fiduciary Duty
LOS ANGELES -- May 3, 2013
Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims against the Board of Directors of Ebix Inc. (“Ebix” or the “Company”)
(NASDAQ:EBIX) related to the proposed acquisition of the Company by an
affiliate of Goldman, Sachs & Co. The transaction is valued at approximately
$820 million or $20 per share.
This investigation concerns whether the Board of Directors of Ebix breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the proposed transaction, and whether
the Company has disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its share price
has skyrocketed from $13.21 on February 25, 2013 to $19.37 on April 24, 2013.
Further, at least one analyst has set a target price for the Company’s stock
at $24 per share.
If you are a shareholder of Ebix, if you have information or would like to
learn more about our investigation, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA
90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by
email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
Toll Free (888) 773-9224
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