Equities

MoneyGram exploring options, including potential sale

MoneyGram exploring options, including potential sale

Reuters exclusively reported that MoneyGram International Inc is exploring strategic alternatives, including a sale of the money transfer company, a year after a U.S. government panel nixed its $1.2 billion sale to China’s Ant Financial. The Dallas-based company’s shares have lost 83 percent of their value since the deal with Ant Financial collapsed in January 2018. MoneyGram shares closed up 10.6 percent at $2.29 on Friday, for a market capitalization of $127.4 million on the report.


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