Market Overview

Ebix To Buy Yatra In $338M Deal

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Ebix Inc (NASDAQ: EBIX) will buy Yatra Online (NASDAQ: YTRA) in a $338 million deal.

Ebix says each Yatra ordinary share convertible into Ebix stock would be valued, on an as-converted basis, at $4.90 per share.

Yatra shares traded higher by 17.78% at $4.57, while Ebix shares were down 1.23% at $47.52 in Wednesday’s pre-market session.

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Posted-In: M&A News

 

Related Articles (EBIX + YTRA)

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