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Ebix Inc (EBIX.OQ)

EBIX.OQ on NASDAQ Stock Exchange Global Select Market

43.78USD
19 Jul 2019
Change (% chg)

$-0.80 (-1.79%)
Prev Close
$44.58
Open
$44.70
Day's High
$44.75
Day's Low
$43.50
Volume
125,766
Avg. Vol
121,784
52-wk High
$89.10
52-wk Low
$39.28

Latest Key Developments (Source: Significant Developments)

Ebix To Acquire Yatra Online In Transaction With A Net Equity Value Of $239 Mln
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Ebix Inc ::EBIX SIGNS AGREEMENT TO ACQUIRE YATRA ONLINE, CREATING INDIA’S LEADING TRAVEL SERVICES PLATFORM.EBIX INC - EACH ORDINARY SHARE OF YATRA WILL BE ENTITLED TO RECEIVE 0.005 SHARES OF A NEW CLASS OF PREFERRED STOCK OF EBIX.EBIX INC - EACH SHARE OF EBIX CONVERTIBLE PREFERRED STOCK RECEIVED FOR EACH YATRA SHARE WILL BE CONVERTIBLE INTO 20 SHARES OF COMMON STOCK OF EBIX.EBIX INC - TRANSACTION IMPLIES A NET EQUITY VALUE OF $239 MILLION.EBIX INC - TARGETING AN EBIXCASH IPO IN Q2 OF 2020..  Full Article

Ebix Commences EbixCash IPO Process While Targeting A Q2 2020 IPO
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Ebix Inc ::EBIX COMMENCES EBIXCASH IPO PROCESS WHILE TARGETING A Q2 2020 IPO.EBIX INC - IN ADVANCED STAGES OF SELECTION OF INVESTMENT BANKERS, TOWARDS LAUNCHING EBIXCASH IPO ON INDIAN STOCK EXCHANGES.EBIX INC - DETAILS OF IPO IN TERMS OF TARGETED MONEY RAISE AND BANKERS WHO WOULD LEAD THIS EXERCISE WILL BE ANNOUNCED IN DUE COURSE..EBIX INC - BOARD HAS APPROVED PROCESS OF APPOINTMENT OF UP TO 5 INVESTMENT BANKERS, WITH IPO TARGETED TIMELINE OF Q2 2020 FOR EBIXCASH OPERATIONS.  Full Article

Ebix Reports Reports Q1 Results
Thursday, 9 May 2019 

May 9 (Reuters) - Ebix Inc ::EBIX REPORTS RECORD RESULTS WITH Q1 2019 GAAP OPERATING CASH FLOW OF $38.5 MILLION ON 51% GROWTH AND GAAP REVENUES OF $142.9M ON 32% GROWTH.Q1 NON-GAAP EARNINGS PER SHARE $1.04.Q1 EARNINGS PER SHARE ESTIMATE $0.93 -- REFINITIV IBES DATA.Q1 GAAP EARNINGS PER SHARE $0.84.  Full Article

Ebix Says Intends To Merge Yatra Online In Its Indian Ebixcash Subsidiary Set Up
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Ebix Inc ::RIDING ON STRONG SALES MOMENTUM AND ITS PROVEN ACQUISITION STRATEGY, EBIXCASH INDIA OPERATIONS TARGET $600 MILLION IN QUARTERLY ANNUALIZED REVENUE BY Q4 2019.EBIX INC - OFFICIALLY ENGAGED WITH YATRA ONLINE, INC. TO COMMENCE ITS DUE DILIGENCE IMMEDIATELY.EBIX INC - INTENDS TO MERGE YATRA ONLINE IN ITS INDIAN EBIXCASH SUBSIDIARY SET UP.EBIX INC - ITS EBIXCASH OPERATION IS TARGETING QUARTERLY ANNUALIZED OPERATING INCOME OF $180 MILLION OR MORE BY Q4 OF 2019.EBIX INC - WORKING TOWARDS SIGNING AGREEMENT TO ACQUIRE YATRA ONLINE LATEST BY 15TH MAY 2019.  Full Article

Ebix Offers To Acquire India's Yatra Online for $7/share
Monday, 11 Mar 2019 

March 11 (Reuters) - Ebix Inc ::EBIX OFFERS TO ACQUIRE INDIA’S LARGEST CORPORATE TRAVEL EXCHANGE, YATRA ONLINE, INC..EBIX INC - PROPOSED DEAL FOR $7 PER SHARE ON A DEBT-FREE BASIS.EBIX INC - OFFER TO ACQUIRE 100% OF OUTSTANDING STOCK OF YATRA ONLINE FOR $7 PER SHARE ON A DEBT-FREE BASIS.EBIX INC - EBIX WOULD PAY FOR YATRA ONLINE AT ITS DISCRETION EITHER IN CASH OR BY ISSUING FREELY TRADEABLE EBIX STOCK..EBIX INC - OFFER CONTEMPLATES ASSUMPTION OF ALL YATRA ONLINE RECEIVABLES, CASH AND RESTRICTED CASH WORTH AT LEAST $25 MILLION AT TIME OF CLOSING.EBIX INC - WOULD PAY FOR YATRA ONLINE AT ITS DISCRETION EITHER IN CASH OR BY ISSUING FREELY TRADEABLE EBIX STOCK.EBIX INC - EBIX EXPECTS THAT COMBINATION OF TWO COMPANIES CAN GENERATE BETWEEN 25 TO 30 CENTS ACCRETION FOR SHAREHOLDERS OF COMBINED EBIX COMPANY.EBIX INC - IN CASE EBIX DECIDES TO PAY FOR ACQUISITION IN EBIX STOCK, THEN EBIX STOCK WILL CARRY A MINIMUM COLLAR VALUE OF $59 PER EBIX SHARE.EBIX INC - EBIX INTENDS TO MERGE YATRA ONLINE IN ITS INDIAN EBIXCASH SUBSIDIARY SET UP..EBIX-BELIEVES YATRA ONLINE CAN GENERATE REVENUE UPWARDS OF $150 MILLION/ YEAR WITH 30%+ OPERATING MARGINS ON POST-CLOSING BASIS, WITHIN 6 MONTHS OF ACQUISITION BY CO.EBIX-RESERVES RIGHT TO REDUCE OFFER AT DISCRETION IF IT DOES NOT RECEIVE A POSITIVE ENGAGEMENT RESPONSE FROM YATRA ONLINE BOARD IN TIMELY MANNER.EBIX-RESERVES RIGHT TO WITHDRAW THE OFFER, IF YATRA BOARD DECLINES TO ALLOW EBIX TO PROCEED WITH DUE DILIGENCE BY 5:00PM EST ON 18TH MARCH 2019..  Full Article

Ebix Announces Quarterly Annualized Revenue Goal Of 3 Quarters Of A Billion By Q4 2019
Tuesday, 5 Mar 2019 

March 5 (Reuters) - Ebix Inc ::EBIX ANNOUNCES ASPIRATIONAL QUARTERLY ANNUALIZED REVENUE GOAL OF THREE QUARTERS OF A BILLION BY Q4 2019.EBIX INC - TARGETING AN ASPIRATIONAL REVENUE GOAL OF $750 MILLION QUARTERLY ANNUALIZED REVENUE BY Q4 OF 2019.EBIX INC - PRESENTLY WORKING ON A FEW ACQUISITION TRANSACTIONS THAT CAN BE MATERIAL TO ITS RESULTS FOR 2019.  Full Article

Ebix Acquires India's Travel Technology Provider Zillious
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Ebix Inc ::EBIX ACQUIRES INDIA’S LEADING NON-ALIGNED TRAVEL TECHNOLOGY PROVIDER ZILLIOUS.EBIX INC - EBIX IS FUNDING TRANSACTION IN CASH, USING ITS INTERNAL CASH RESERVES.EBIX INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO EBIX EARNINGS IMMEDIATELY.EBIX - UNIT ACQUIRED 80 PCT CONTROLLING STAKE IN ZILLIOUS SOLUTIONS PRIVATE LIMITED.EBIX INC - INTENDS TO KEEP ZILLIOUS AS A NON-ALIGNED TECHNOLOGY PLATFORM.EBIX INC - EBIX HAS RETAINED BOTH PROMOTER FOUNDERS OF ZILLIOUS - HARSH AZAD AND ROHIT GADDI.  Full Article

Ebix Inc Says Unit Makes Open Offer To Buy 100 Pct Of Weizmann Forex
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - Ebix Inc ::UNIT, EBIXCASH MAKES OPEN OFFER TO COMPLETE 100 PERCENT ACQUISITION OF WEIZMANN FOREX.  Full Article

Ebix Inc - Third Party Firm Concluded Co Successfully Remediated Weakness In Internal Control In Income Taxes & Business Combinations As Of Dec 31, 2018
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Ebix Inc ::RENOWNED NORTH AMERICAN FIRM (THAT SPECIALIZES IN ACCOUNTING INVESTIGATIONS AND COMPLIANCE) CONCLUDES THAT EBIX HAS REMEDIATED MATERIAL WEAKNESS.EBIX INC - CONCLUSIONS OF THIRD PARTY FIRM HAVE BEEN ACCEPTED BY COMPANY'S AUDIT COMMITTEE.EBIX - THIRD PARTY FIRM CONCLUDED CO SUCCESSFULLY REMEDIATED WEAKNESS IN INTERNAL CONTROL IN INCOME TAXES & BUSINESS COMBINATIONS AS OF DEC 31, 2018.  Full Article

Ebix Provides Business Update, Reviews International Expansion Plans
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Ebix Inc ::EBIX PROVIDES BUSINESS UPDATE AND REVIEWS INTERNATIONAL EXPANSION PLANS.EBIX INC - EXPANSION PLANS IN MIDDLE EAST, ASEAN AND PACIFIC MARKETS IN NEAR TERM.EBIX INC - CONTINUES TO PURSUE PLANS FOR A PROSPECTIVE IPO FOR ITS EBIXCASH OPERATIONS IN INDIA AND ABROAD.EBIX INC - COMPANY COMPENSATION COMMITTEE ACCEPTED EBIX CEO ROBIN RAINA'S REQUEST TO FOREGO HIS CASH SALARY.EBIX INC - COMPANY ACCEPTED EBIX CEO ROBIN RAINA'S REQUEST ACCEPT EBIX STOCK FOR EQUIVALENT VALUE OF CASH SALARY EVERY MONTH.  Full Article

Deals of the day-Mergers and acquisitions

March 11 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: