Atlanta-based Ebix, Inc., an international supplier of software and e-commerce solutions to the insurance industry, announced that it had sold 222,223 shares of its previously un-issued common stock to CF Epic Insurance and General Fund, an investment fund located in London, for a total price of $3,000,010, or $13.50 per share.
The price per share represents a significant premium over the last 30 days trailing closing prices for Ebix stock. After the sale of the stock, Ebix’s cash balance after the investment approximates $10.8 million.
Was this article valuable?
Here are more articles you may enjoy.
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s 
Insured Losses From Hurricane Melissa Could Reach $4.2 Billion, Verisk Estimates 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Catastrophe Bond Investors Told to Brace for Jamaica Payout 
