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Moneygram gains on speculation of potential takeout offer (update)

Jul. 16, 2021 7:16 AM ETMoneyGram International, Inc. (MGI)MGI, WU, GDOT, PYPLBy: Joshua Fineman, SA News Editor2 Comments

hapabapa/iStock Editorial via Getty Images

  • Update 11:05am: Advent declines to comment.
  • Moneygram (NASDAQ:MGI) rose 4.5% on speculation of a potential takeout bid from private equity firm Advent.
  • The money transfer company is speculated to be "in the sights" of Advent, according to an

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Comments (2)

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You are wrong, at $3 it was pricey, now it's a bargain. Now all the goverment risk has been removed. Company's online business has given a dying business a future.IF you compare western unions EV of around 11 Billion, and realize MGI is doing 1/3 of the business,you need to realize their EV should be about 3.5 billion, that means MGI is a $20 stock and beyond if it keeps doing well. Buying it for $10 dollars is bargain,my opinion, the deal with no go through because MGI will not accept. A few more quarters of good cashflow and growing business will have the stock moving towards the 20 dollar range on it's own.
At 3.00 it was a bargain.now, it’s pricey
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