ADAM Advances On Merger News

Shares of ADAM Inc (NASDAQ: ADAM) surged after it entered into a merger agreement with Ebix Inc (NASDAQ: EBIX).

ADAM’s shares jumped 75.39% to $5.56 at 10:41 am. EBIX has entered into an agreement to acquire ADAM on a debt-free basis for a consideration of $66 million.

ADAM’s shares have lost 0.94% over the past month and dropped 24.52% so far this year.

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