US: Ebix, Goldman Sachs abandon merger plans

By CPI | June 21, 2013

Following Wednesday’s closing bells, Ebix Inc. made the announcement that a proposed merger with Goldman Sachs & Co. has been abandoned by the parties. The stock market reacted with a severe decline for Ebix, which, according to reports, hit a new low. Reports did not elaborate on why the parties decided to abandon their merger plans.