Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Bloomberg, MoneyGram International (MGI) approached by Stellar, Advent

  • July 22, 2021


StockMoneyGram International, Inc.SymbolMGI
Date Announced07/21/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 02/15/2022Price at Confirmation: $10.70
Potential Profit: -6.88%Annualized Profit: -12.01%

MoneyGram International Inc. (MGI), one of the largest money-transfer services in the U.S., has received preliminary takeover interest from Stellar Development Foundation and private equity firm Advent International, according to people familiar with the matter.

Previously Western Union Co. (WU) was seeking to acquire MoneyGram International Inc. (MGI).


December 15, 2021: Private equity firm Madison Dearborn Partners LLC has approached MoneyGram International Inc (MGI), one of the world’s largest money transfer companies, with an acquisition offer, two people familiar with the matter said.

January 25, 2022: Private equity firms Madison Dearborn Partners LLC, Siris Capital Group LLC and Advent International Corp have made competing offers to acquire MoneyGram International Inc (MGI), according to people familiar with the matter.

February 15, 2022: MoneyGram International, Inc. (MGI), and Madison Dearborn Partners, LLC, announced a definitive agreement under which funds affiliated with MDP will acquire all outstanding shares of MoneyGram for $11.00 per share in an all-cash transaction valued at approximately $1.8 billion.

For more details view Deal Metrics

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.