Ebix (EBIX) Declares $0.075 Quarterly Dividend; 0.5% Yield
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Go back to Ebix (EBIX) Declares $0.075 Quarterly Dividend; 0.5% Yield
August 21, 2017 7:32 AM EDT
Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, today announced that it has entered into an agreement to acquire Money Transfer Service Scheme (MTSS) Business of YouFirst Money Express Private Limited. This is Ebix's second acquisition over the last few days, following the announcement of the acquisition of MTSS assets of Wall Street Finance Limited on 17th of August.
With a market share of almost... More
August 17, 2017 10:43 AM EDT
Ebix, Inc. (NASDAQ: EBIX) today announced that it has entered into an agreement to acquire Money Transfer Service Scheme (MTSS) Business of Wall Street Finance Limited (BSE: WSFIN) along with the acquisition of its subsidiary company Goldman Securities Limited, for $7.4 million. The agreement while approved by the Wall Street Board, is subject to its shareholders approval. The customary process for such approval can take a timeline of 45 to 75 days.
The acquisition once approved, is expected to be accretive to Ebix earnings immediately. The Company funded the transaction using its internal cash... More
