Brief: Ebix Reaches 'Stalking Horse' Sale Agreement for Life Insurance and Annuity Business with Zinnia
18/12/2023 11:14
Dec 18 (Reuters) - Ebix Inc EBIX.O :
* EBIX REACHES "STALKING HORSE" SALE AGREEMENT FOR LIFE
INSURANCE
AND ANNUITY BUSINESS WITH ZINNIA TO ENSURE SUCCESSFUL
RECAPITALIZATION EFFORTS
* EBIX INC: SECURES NEW FINANCING TO SUPPORT RESTRUCTURING
PROCESS
* EBIX INC: "STALKING HORSE" AGREEMENT TO SELL ITS NORTH
AMERICAN
LIFE AND ANNUITY ASSETS TO ZINNIA
* EBIX INC: UNDER TERMS OF ASSET PURCHASE AGREEMENT, ZINNIA
WILL
PAY $400 MILLION
Source text for Eikon: ID:nPn2SGzqCa
Further company coverage: EBIX.O
((Reuters.Briefs@thomsonreuters.com;))
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