MoneyGram to become private firm via $1.8B deal - Breaking The News

MoneyGram to become private firm via $1.8B deal

15 February

1 min read

EPA-EFE/MAURITZ ANTIN

MoneyGram International Inc. will become a private company after being acquired by Chicago-based private equity firm Madison Dearborn Partners LLC, the companies revealed on Tuesday.

The all-cash transaction will amount to $11 per share or around $1.8 billion in total with Madison Dearborn Partners refinancing MoneyGram's outstanding debt last estimated at $799 million.

The deal will now await the green light from shareholders and regulators and is expected to close in the final three months of 2022.

mergers and acquisitions moneygram

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