Ebix stock rises as asset sale generates interest from ‘multiple bidders’

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Ebix stock rises as asset sale generates interest from ‘multiple bidders’
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Ebix Inc. stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning...

Ebix Inc.

stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it’s in “advanced stages” in the sale of part of its assets. The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, “received bids from a mix of strategic and financial bidders who have already completed substantial due diligence.

stock is up 3.7% in premarket trades on Thursday after the on-demand software company for the insurance, financial, healthcare and online learning sectors said it’s in “advanced stages” in the sale of part of its assets. The company said the deal will generate enough proceeds to repay 100% of its bank debt. Ebix said it has, “received bids from a mix of strategic and financial bidders who have already completed substantial due diligence.

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