Ant Financial Raises MoneyGram Offer By 36%, Bid Is 18% Higher Than Rival Euronet

After one month of resistance, China's Ant Financial Services Group finally agreed to increase its offer to acquire U.S. money transfer company International Inc. to US$18 per share in cash, 36% higher than its initial offer and 18.4% higher than a rival bid from Euronet Worldwide Inc.

The new deal, which has the backing of MoneyGram’s board and 46% of its voting shareholders, values the company's common and preferred stock at US$1.2 billion and would provide approximately US$320 million in additional cash to MoneyGram's stockholders.

Unless American payment firm Euronet, which last month offered US$15.20 a share for MoneyGram, decides to offer an even higher price, the Ant Financial-MoneyGram transaction is likely to move toward the finish line as scheduled.

The US$18 offer represents a premium of approximately 64% to MoneyGram's...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like