Mergers and Acquisitions
published on Nov 16, 2015
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Report Overview:
Report Outline:
EBix Inc has sent a letter to Xchanging board to acquire Xchanging capital for 175 pence per share in cash, representing £450m ($685m). Ebix’ offer is subject to due diligence.
The offer is higher than the offers of Capita (160 pence per share) and of CSC (170 pence per share).
British laws requires Ebix to submit a firm intention by December 9, 2015.