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In reality, Ebix will have a number of underperforming acquisitions and parts of its business that aren't strategically aligned with the core purpose.
Legal & General Group Plc lifted its position in shares of Ebix by 2.6% during the fourth quarter.
Source: https://www.dailypolitical.com/2023/03/27/ebix-nasdaqebix-lowered-to-sell-at-stocknews-com.html
The implications of Ebix shedding its debt burden close to zero is highly significant for investors.