MoneyGram International, Inc.NYSE
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  • Mon, Jan. 4, 2:49 PM
    • Incoming MoneyGram (MGI -3.8%) CEO Alex Holmes last week said he anticipates mergers in the remittance industry, noting 96 players in the $24B market for transferring cash from the U.S. to Mexico. "I would like them to go away ... I would like to buy them all."
    • Analyst Mark Palmer expects it more likely that MGI is acquired rather than becoming an acquirer, and he sees Western Union (WU -2%) as the most likely buyer. He reminds of the positive market reaction in Western Union stock last May on rumors of a deal to buy MoneyGram.
    • While a purchase of MoneyGram wouldn't help necessarily help Western Union adapt to the new realities of mobile and online, it would add customers and plenty of opportunity for cost-cutting.
    | Mon, Jan. 4, 2:49 PM | 1 Comment
  • May 6, 2015, 11:25 AM
    • A combination of MoneyGram (MGI +28.2%) and Western Union (WU +7.2%) would give the new entity a money transfer market share of close to 20%, notes Financial Post.
    • JP Morgan thinks a merger would include equity due to MoneyGram's high debt load.
    • That development could cut into buybacks for Western Union and dent its credit rating.
    • If a deal for MoneyGram is struck at $10 to $11, JP sees EPS accretion.
    • Previously: Western Union reportedly in talks to buy MoneyGram; MGI +34.6% (May. 05 2015)
    | May 6, 2015, 11:25 AM | 1 Comment
  • May 5, 2015, 5:28 PM
    • Bloomberg reports Western Union (NYSE:WU) is in talks to buy smaller rival MoneyGram (NASDAQ:MGI).
    • MoneyGram has soared to $10.50 in response; its market cap is now at $560M. Western ($10.9B market cap) is up fractionally.
    | May 5, 2015, 5:28 PM | 9 Comments
  • Sep. 19, 2013, 4:26 PM
    • MoneyGram (MGI +0.1%) acquires Greek money transfer outfits Advanced ChronoCash Services and MoneyGlobe Payment Institutions.
    • ACCS has acted as a MoneyGram agent since 2003 and has over 400 locations.
    | Sep. 19, 2013, 4:26 PM
  • Jul. 19, 2013, 2:49 PM

    MoneyGram (MGI +7.2%) soars after Bloomberg reports Euronet  (EEFT +0.1%) remains a potential suitor for the company, even as some P-E firms (previous) have dropped out of the bidding process.

    | Jul. 19, 2013, 2:49 PM
  • Jun. 18, 2013, 3:23 PM
    Moneygram (MGI +3.1%) pops higher on a Dealreporter story the company is in talks with potential suitors and has hired Bank of American to advise.
    | Jun. 18, 2013, 3:23 PM