Brief: Ebix Signs Agreement To Acquire Inward International Remittance Business From Transcorp International

Transcorp International

04/01/2018 15:35

Jan 4 (Reuters) - Ebix Inc  EBIX.O : 
    * EBIX SIGNS AGREEMENT TO ACQUIRE INWARD INTERNATIONAL 
REMITTANCE 
BUSINESS FROM TRANSCORP INTERNATIONAL LIMITED (BSE:TRANSCOR.BO) 
    * EBIX INC - DEAL FOR APPROXIMATELY $7.4 MILLION 
    * EBIX - DEAL EXPECTED TO BE ACCRETIVE TO EBIX EARNINGS 
IMMEDIATELY. 
    * EBIX INC - FUNDED TRANSACTION USING ITS INTERNAL CASH 
RESERVES 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNXOLMVHa 
Further company coverage:  EBIX.O  
 
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