Private equity firm Madison Dearborn Partners LLC has approached MoneyGram International Inc , one of the world's largest money transfer companies, with an acquisition offer, two people familiar with the matter said on Wednesday.
Madison Dearborn declined to comment, while MoneyGram spokespeople did not immediately respond to requests for comment.
MoneyGram, which according to its website has served 150 million people in the last five years, has been focusing on digital payments as an area of growth. In October, it announced a blockchain partnership that relies on financial technology firm Circle's USD Coin, one of the world's fastest-growing dollar digital currencies.
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. MoneyGram shares took a hit as a result, but have since recovered. They are up 28% year-to-date versus an 18% rise in the Nasdaq Composite interest. The company reported third-quarter operating income of $26.8 million, down from $36.6 million a year ago, amid a rise in transactional expenses.Reporting by Greg Roumeliotis in New York Additional reporting by Chibuike Oguh in New York Editing by Nick ZieminskiSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Kate Middleton Has Reportedly “Come Into Her Own” Ahead of Her 40th BirthdayAs Kate Middleton approaches her 40th birthday, royal sources say she's “flourishing.'
Les mer »
EXCLUSIVE EnCap merges two Permian oil producers in about $4 bln deal -sourcesEnCap Investments LP has combined two of its portfolio companies in the Permian basin, creating an oil producer worth more than $4 billion including debt that the private equity firm wants to take public as soon as next year, people familiar with the matter said on Monday.
Les mer »
Airline CEOs face Senate panel over flight cancellations after taking $54 billion in taxpayer aidAirlines are now scrambling to hire workers after pushing tens of thousands of employees to take leaves or buyouts during the pandemic.
Les mer »
The Future Rocks Is Your New Jewelry Go-To for Eco-Conscious GlamThis new online jewelry marketplace shows that conscious consumerism and indulgence aren’t mutually exclusive.
Les mer »
MSNBC Takes CNN Rivalry to New Level With Documentary AcquisitionsMSNBC is giving cable news rival CNN increased competition in the exploding documentary arena through ramped up acquisitions by a revived arm devoted to non-fiction programming. MSNBC Films showed …
Les mer »