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Ebix Inc. Message Board

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  • twfry_2001 twfry_2001 Jul 7, 2011 10:54 AM Flag

    EBIX buys back 414,000 shares between Jun 30 and July 5

    That is my belief as well.

    But when your stock is trading at $20 and there is an offer for $30 or $35, most funds holding the stock are fine with the offer and management is usually very hard pressed not to take it. EBIX Management owns a lot, but only around 25% which my not be enough to prevent a buy out.

    I actually believe this is the #1 reason for accelerating the buy back, it slowly increases managements % ownership and can help prevent a hostile buyout.

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