Value Microcaps Free-For-All

[stanley01]

More on HAXS buyout offer

It says that HAXS shareholders could receive cash OR ebix stock. If you elect to take the cash, you will receive .77 per share. If you elect to take the stock, you will receive shares of EBIX priced at $33.33 (on the post-split adjusted basis), with downside protection. Which means that within one year if EBIX stock is not trading at $33.33 or above, you could elect to have EBIX buy back the stock from you at $33.33

EBIX is trading on a split-adjusted basis today. They had a 3 for 1 stock split.