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Ebix Shares Are Likely Headed to Zero: Gotham City Research

Goldman Sachs Group Inc (NYSE:GS) terminated an agreement to acquire Ebix Inc (NASDAQ:EBIX) last night, after the insurance software maker said it was told that federal prosecutors had opened an investigation.

We believe Ebix is worth no more than $8 per share, and likely headed to $0.00 per share. See the attached note or visit our website for more details.


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