BOSTON ( TheStreet) -- A.D.A.M. (ADAM) was one of several stocks trading below $5 and moving on above-average volume Monday following an acquisition bid for the health information and benefits technology solutions company.A.D.A.M. shares spiked after E-commerce services provider Ebix said it will acquire A.D.A.M. on a debt-free basis for $66 million. A.D.A.M. shareholders will receive 0.3122 of Ebix common stock for each share of A.D.A.M. common stock, based on a $19.06 agreed value of Ebix common stock. That values each A.D.A.M. share at roughly $5.95, a 87.7% premium to Friday's closing price.
A.D.A.M., Emmis: Volume Movers
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