Deal of the day, Goldman Sachs Group, Inc. (NYSE:GS) is buying Ebix (NASDAQ:EBIX). That’s the hottest deal amid Wednesday’s news that Atlanta-headquartered insurance software supplier Ebix has planned to a $20-per-share acquisition proposal from the investment banker.

Counting on assumed debt, both groups worth this agreement at $820 million, and declared that it hints a clean 18% premium to Ebix’s recent pre-merger-declaration prices.

Besides this, the price is just merely a 7.5% premium over what Ebix shares attained at ending of Tuesday trading session, and Ebix stock owners, and their lawyers, were not so sure the acquisition price is a fair one.

The price is also more than 10% lower than Ebix’s valuation a year ago. Stockholder derivative lawsuit statements demanding the sale are formerly wiping out.

Ebix Inc, which develops software for insurance firms, reported that it decided to be purchased by an affiliate of Goldman Sachs & Co in a bid of almost $743 million.

A short overview of the financial side of the stock, Goldman Sachs Group, Inc. (NYSE:GS) increased less than 1% in premarket trading to $142.67.

Sales: Goldman Sachs Group, Inc. indexed in S&P 500 with 32400 employees. As the sales of GS was 41.64B with net income of 7.41b and offer $2.00 dividend.

Analytic Evaluation:the price to sales ratio of GS in past 12 months was recorded 1.58%.