Western Union offers to buy MoneyGram - Bloomberg

Jun. 01, 2020 5:47 PM ETMoneyGram International, Inc. (MGI), WUMGI, WUBy: Carl Surran, SA News Editor44 Comments
  • MoneyGram (NASDAQ:MGI) +30.1% after-hours in reaction to a Bloomberg report that Western Union (NYSE:WU) recently made a takeover offer for the rival money transfer company.
  • A deal would bring together two of the largest U.S. providers of money transfer services, but the business has been in decline as more people increasingly rely on online payments to move money.
  • WU +5.6% after-hours.

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