Cases
Yatra Online, Inc. (NASDAQ: YTRA)
Merger
Overview
Overview
- Date:
- 7/17/2019
- Company Name:
- Yatra Online, Inc.
- Stock Symbol:
- YTRA
- Company Name - Buyer:
- Ebix, Inc.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 7/17/2019
NEW YORK, July 17, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Yatra Online, Inc. (NASDAQ: YTRA) on behalf of Yatra shareholders concerning the proposed merger with Ebix, Inc.
Pursuant to the proposed transaction, announced on July 17, 2019 and valued at $337.8 million, Yatra shareholders will receive 0.005 shares of Ebix Convertible Preferred Stock for each share of Yatra common stock owned. Each full share of Ebix Convertible Preferred Stock is convertible into 20 shares of Ebix common stock. The investigation focuses on whether Yatra and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Yatra shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on July 17, 2019 and valued at $337.8 million, Yatra shareholders will receive 0.005 shares of Ebix Convertible Preferred Stock for each share of Yatra common stock owned. Each full share of Ebix Convertible Preferred Stock is convertible into 20 shares of Ebix common stock. The investigation focuses on whether Yatra and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Yatra shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.