Harwood Feffer LLP Announces Investigation of Ebix, Inc.
NEW YORK, May 1, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Ebix Inc. ("Ebix" or the "Company") (NASDAQ: EBIX), the proposed acquisition of the Company by an affiliate of Goldman Sachs & Co. ("Goldman") in a transaction valued at approximately $743 million.
On May 1, 2013, Ebix announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Goldman. Under the terms of the agreement, Ebix stockholders will receive $20 per in cash per share held.
Our investigation concerns whether the Ebix board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Ebix shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP