Ebix And Goldman Sachs End Merger Plans

Ebix Inc. (Nasdaq: EBIX) and The Goldman Sachs Group Inc. (NYSE: GS) cited a federal investigation into allegations of misconduct by Ebix for terminating a merger agreement between the two companies. Shares of Ebix plummeted $8.48 to $11.24 while Goldman Sachs stock tumbled $4.24 to $157.31.

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