MoneyGram Is Said to Draw Takeover Interest From Stellar, Advent - Bloomberg

MoneyGram International Inc., one of many largest money-transfer companies within the U.S., has obtained preliminary takeover curiosity from Stellar Development Foundation and personal fairness agency Advent International, based on folks conversant in the matter.
San Francisco-based Stellar, which oversees a community for facilitating cross-border funds, is working with Introduction on a possible acquisition of MoneyGram, stated the folks, who requested to not be recognized as a result of the matter isn’t public. No closing determination has been made and Stellar and Introduction may decide to not proceed with a deal, they stated.


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