Merger Arbitrage Tool

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Note: Premium members can sort this table by Profit, Annualized Profit and Closing Date.

  Symbol Announced Date Acquiring
Company
Deal
Type
Clo.
Value
Clo.
Price
Last
Price
Volume Optionable Div. Yield Clo.
Date
Profit Annu.
Profit
YTRA chart 07/17/2019 Ebix, Inc. (EBIX) Stock $239 million $2.84 $1.50 2,055,372 No N/A 06/30/2020 89.13% 1301.35%

The following funds have a position in Yatra Online, Inc.:
1. Gabelli Funds LLC

Yatra Online, Inc. merger details:

Expected to close in the fourth quarter of 2019 for a closing value of $239 million in an all stock deal. Under the terms of the agreement, each ordinary share of Yatra will be entitled to receive 0.005 shares of a new class of preferred stock of Ebix. Each share of Ebix Convertible Preferred Stock received for each Yatra Ordinary Share will, in turn, be convertible into 20 shares of common stock of Ebix. We are using 0.1 as the conversion ratio.

Merger Agreement

Yatra Online, Inc. Investor Relations
Ebix, Inc. Investor Relations

Yatra Online, Inc. Investor Relations

Ebix, Inc. Investor Relations

Update(s)

January 3, 2020: Since this deal has not yet been completed, we have extended the closing date to March 31, 2020.

March 31, 2020: Since this deal has not yet been completed, we have extended the closing date to June 30, 2020.

Note: Premium members can sort this table by Symbol, Profit, Annualized Profit and Closing Date. Desktop Version

  Symbol Clo. Date Profit Annu. Profit
YTRA chart 06/30/2020 89.13% 1301.35%

The following funds have a position in Yatra Online, Inc.:
1. Gabelli Funds LLC

Yatra Online, Inc. merger details:

Expected to close in the fourth quarter of 2019 for a closing value of $239 million in an all stock deal. Under the terms of the agreement, each ordinary share of Yatra will be entitled to receive 0.005 shares of a new class of preferred stock of Ebix. Each share of Ebix Convertible Preferred Stock received for each Yatra Ordinary Share will, in turn, be convertible into 20 shares of common stock of Ebix. We are using 0.1 as the conversion ratio.

Merger Agreement

Yatra Online, Inc. Investor Relations
Ebix, Inc. Investor Relations

Yatra Online, Inc. Investor Relations

Ebix, Inc. Investor Relations

Update(s)

January 3, 2020: Since this deal has not yet been completed, we have extended the closing date to March 31, 2020.

March 31, 2020: Since this deal has not yet been completed, we have extended the closing date to June 30, 2020.

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