June 20, 2013 / 12:06 AM / 4 years ago

Goldman Sachs affiliate cancels Ebix purchase due to regulatory probe

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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