Ebix (EBIX) to Acquire Taimma Communications
Tweet
Share
E-mailGet Alerts EBIX Hot Sheet
Join SI Premium – FREE
Ebix, Inc. (Nasdaq: EBIX), announced that it has signed an agreement to acquire Montreal based Taimma Communications Inc., a leading provider of innovative E-Learning medical education solutions to the pharmaceutical, biotechnology and healthcare industries. Ebix also announced that Taimma would be immediately integrated into its A.D.A.M. Health Information Exchange Division.
Ebix expects the transaction to be accretive to Ebix Earnings per Share (EPS). Ebix disclosed that it funded this transaction completely in cash using its existing cash reserves. No Ebix shares were issued and no investment bankers were involved in the transaction on the Ebix side.
Ebix expects the transaction to be accretive to Ebix Earnings per Share (EPS). Ebix disclosed that it funded this transaction completely in cash using its existing cash reserves. No Ebix shares were issued and no investment bankers were involved in the transaction on the Ebix side.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Movano (MOVE) Misses Q2 EPS by 195c
- SanDisk upgraded at JPMorgan after investor day; shares climb
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
Ebix/A.D.A.M., EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
