Deals
Ant Financial Said Considering Higher Offer for MoneyGram
- China-based company is confident the deal will go through
- Rival Euronet claims it will face easier regulatory review
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Billionaire Jack Ma’s Ant Financial is considering whether to make a higher offer for MoneyGram International Inc., according to a person familiar with the negotiations, after the U.S. company said a smaller rival’s bid could be a better deal.
In January, China-based Ant Financial announced its plan to acquire MoneyGram for $13.25 a share in cash, pending regulatory approval. Last week, Euronet Worldwide Inc. swooped in with a $15.20-a-share offer, a proposition that “could reasonably be expected” to result in a superior proposal, Dallas-based MoneyGram said Monday in a statement.