Private equity firms Madison Dearborn Partners LLC, Siris Capital Group LLC and Advent International Corp have made competing offers to acquire MoneyGram International Inc, according to Reuters.
The Dallas-based company embarked on a review of its options after Madison Dearborn offered $10.50 per share in cash to acquire it, the sources said. Advent had also expressed interest last year in taking over the company, the sources added.
It’s not clear how much MoneyGram, one of the world’s largest money transfer companies with a market value of $850 million, will end up selling for.
A $1.2 billion deal for China’s Ant Financial to acquire MoneyGram was blocked by the United States in January 2018 on national security concerns.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
