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| EBIX > SEC Filings for EBIX > Form 8-K on 20-Nov-2008 | All Recent SEC Filings |
20-Nov-2008
Other Events
On November 19, 2008, the registrant, Ebix, Inc. (NASDAQ: EBIX), announced via a press release that it had decided to extend until December 31, 2008, its all stock offer at $0.85 per share in respect to a business combination transaction with HealthAxis, Inc. ("HealthAxis") (NASDAQ: HAXS). The equivalent consideration to be provided will be payable in the form of shares of Ebix common stock valued at the 15-day average closing price preceding the date that the business combination is consummated. Ebix will allow existing HealthAxis warrant holders to convert their warrants to into Ebix common stock when Ebix's stock price increases proportionately by the same percentage as would have been required of HealthAxis's common stock under the terms of HealthAxis warrants.
A copy of this press release is attached as Exhibit 99.1 and is incorporated herein by reference. A copy of Ebix's letter to the HealthAxis board of directors is attached as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01: Exhibits.
The following exhibits are being furnished with this report pursuant to
Item 8.01of this Form 8-K:
Exhibit No. Description
99.1 Press Release dated November 19, 2008 re: Ebix's Extension of its Offer
to Purchase HealthAxis.
99.2 Letter dated November 19, 2008 from Ebix to HealthAxis's Board of
Directors.
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