ADAM Advances On Merger News

Shares of ADAM Inc ADAM surged after it entered into a merger agreement with Ebix Inc EBIX. ADAM’s shares jumped 75.39% to $5.56 at 10:41 am. EBIX has entered into an agreement to acquire ADAM on a debt-free basis for a consideration of $66 million. ADAM’s shares have lost 0.94% over the past month and dropped 24.52% so far this year. Read more from Benzinga's Company news.