Reuters: Regulatory News: Goldman Sachs affiliate cancels Ebix purchase due to regulatory probe

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Goldman Sachs affiliate cancels Ebix purchase due to regulatory probe Jun 20th 2013, 00:02 June 19 | Wed Jun 19, 2013 8:02pm EDT June 19 (Reuters) - Ebix Inc said it will not be bought by a Goldman Sachs Group Inc affiliate after the insurance software provider received a letter from a U.S regulator regarding an investigation into allegations of misconduct. An affiliate in Goldman's merchant bank had agreed to buy Ebix, which had been a target of allegations from short-sellers about inaccuracies in its financial statements, for $743 million last month. Ebix said the termination was the result of a letter received by the company on June 14 from the U.S. Attorney for the Northern District of Georgia. The company said it intends to continue to evaluate strategic options.

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