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Moneygram



Begriffe und/oder Benutzer

 

...ist Wettbewerber von Western Union;

allerdings kleiner und mit deutlich schlechteren Zahlen: negatives EK und Verluste.
macht nix,
einer findet sich immer:


MoneyGram Agrees to Merge with Ant Financial

MoneyGram will continue to be headquartered in the United States and operate under its existing brand

DALLAS, Texas and HANGZHOU, China, Jan. 26, 2017 /PRNewswire/ --

MoneyGram (NASDAQ: MGI), a global provider of innovative money transfer services, and Ant Financial Services Group, one of the world's leading digital financial services providers and parent company of Alipay, a global mobile payment platform, today announced that they have entered into a definitive agreement under which MoneyGram will merge with Ant Financial, with stockholders of MoneyGram being offered $13.25 per share in cash. The transaction will connect MoneyGram's money transfer network of 2.4 billion bank and mobile accounts and 350,000 physical locations with Ant Financial's users, who enjoy a broad suite of technology-based financial services, including payments, credit and insurance products. The combination will provide consumers in over 200 countries and territories with convenient and accessible financial services, which furthers Ant Financial's mission to promote equal access to financial services globally.

The services of MoneyGram and Ant Financial are highly complementary. MoneyGram, which will remain headquartered in Dallas and continue to operate under its existing brand, will be able to leverage Ant Financial's global presence and existing network to serve more than 630 million users -- including 450 million with Alipay and 180 million with India's leading mobile payment provider Paytm -- to increase MoneyGram's transaction volume across the broad Asia-Pacific region. The transaction will also help expand Ant Financial's business in new global markets following its recent partnerships with Paytm in India and Ascend Money in Thailand.

"The acquisition of MoneyGram is a significant milestone in our mission to bring inclusive financial services to users around the world," said Eric Jing, Chief Executive Officer of Ant Financial. "We believe financial services should be simple, low-cost and accessible to the many, not the few. The combination of Ant Financial and MoneyGram will provide greater access, security and simplicity for people around the world to remit funds, especially in major economies such as the United States, China, India, Mexico and the Philippines."

Mr. Jing continued: "One of MoneyGram's greatest strengths is its high-quality team of employees. We are committed to continuing to invest in MoneyGram's workforce and growing jobs in the United States, where MoneyGram has made a mark with outstanding customer service, innovative products and industry-leading technology and compliance programs."

"This transaction will significantly benefit consumers throughout the world who depend on innovative and reliable financial connections to friends and family," said Alex Holmes, Chief Executive Officer of MoneyGram. "MoneyGram can now accelerate and expand our suite of global hybrid solutions and integrate an even larger digital and physical network, making money transfers easier for customers and providing a wider selection of services for the agents who serve them around the world. Ant Financial is an ideal partner for MoneyGram; together, we will be able to expand our business and, in doing so, offer more people around the world access to a reliable financial connection to loved ones."

Transaction Highlights

The transaction is valued at approximately $880 million for all of MoneyGram's common and preferred shares on a fully diluted basis and Ant Financial will assume or refinance MoneyGram's outstanding debt. The per share consideration represents a premium of approximately 20 percent to MoneyGram's volume weighted average share price over the prior three month period. The transaction has been approved by the MoneyGram Board of Directors. In addition, Thomas H. Lee Partners and certain MoneyGram executives who collectively own approximately 46 percent of the outstanding voting shares of MoneyGram have entered into agreements with MoneyGram to vote in favor of the transaction. The transaction is subject to the approval of MoneyGram stockholders, regulatory approvals and other customary closing conditions. The acquisition is expected to close in the second half of 2017.

Upon completion of the transaction, MoneyGram will retain the MoneyGram brand name and management team. Alex Holmes will continue to serve as Chief Executive Officer of MoneyGram and work with Douglas Feagin, Senior Vice President of Ant Financial, and Souheil Badran, General Manager for North America, from Ant Financial to drive the integration between the two organizations. MoneyGram will remain headquartered in Dallas and is expected to maintain and grow its U.S.-based workforce.
Antwort auf Beitrag Nr.: 54.182.967 von R-BgO am 27.01.17 22:25:19MoneyGram and Ant Financial Enter Into Amended Merger Agreement

Agreement Increases Offer Price for MoneyGram Stockholders to $18.00 Per Share


DALLAS and NEW YORK, April 16, 2017 /PRNewswire/ -- MoneyGram (NASDAQ: MGI) and Ant Financial Services Group today announced that the companies have entered into an amendment to the definitive agreement under which MoneyGram will merge with Ant Financial (the "Amended Merger Agreement"). Pursuant to the amendment, Ant Financial increased the offer price to acquire all of the outstanding shares of MoneyGram from $13.25 per share to $18.00 per share in cash. The MoneyGram board of directors has unanimously approved the Amended Merger Agreement.

The offer price of $18.00 per share provides approximately $320 million in additional cash consideration to MoneyGram stockholders from the prior agreement. The per share consideration represents a premium of approximately 64 percent to MoneyGram's volume weighted average share price over the prior three month period ended January 25, 2017, the day prior to the original transaction announced with Ant Financial. The transaction is valued at approximately $1,204 million for all of MoneyGram's common and preferred shares on a fully diluted basis. Ant Financial will assume or refinance MoneyGram's outstanding debt.

Pamela Patsley, Executive Chairman of MoneyGram, said, "Throughout this process, our board of directors has remained laser-focused on maximizing value for MoneyGram stockholders, while taking into account price, the ability to complete a transaction and other important considerations. We are pleased to offer even more value to our stockholders through the amendment of our merger agreement with Ant Financial. We continue to be excited about the transaction, which we are confident will provide substantial benefits to all of our stakeholders, including stockholders, customers, agents and employees."

Alex Holmes, Chief Executive Officer of MoneyGram, added, "As I have stated previously, we believe this transaction will significantly benefit consumers throughout the world who depend on innovative and reliable financial connections to friends and family. We share Ant Financial's commitment to successfully completing the transaction, which will allow us to grow our business, making money transfers easier for customers and providing a wider selection of services for the agents who serve them around the world."

Doug Feagin, President of Ant Financial International, said, "We look forward to joining forces with MoneyGram, which will add valuable cross-border remittance capabilities to the Ant Financial ecosystem, serving our more than 630 million users globally. Over the past few months, we have enjoyed working closely with the MoneyGram team and remain committed to our plans to invest further in the MoneyGram business. We plan to grow the U.S.-based team and create even greater opportunities for the MoneyGram community as we pursue our shared vision of global inclusive finance in an increasingly digital era."

Mr. Feagin continued, "We are fully committed to maintaining the MoneyGram brand that has earned the trust of millions of customers. As part of Ant Financial, MoneyGram will have access to resources to further enhance its technology, systems and anti-money laundering and compliance programs."

Following the completion of the transaction, MoneyGram will operate as an independent subsidiary of Ant Financial and retain its brand, management team, IT infrastructure and headquarters in Dallas, Texas. All of MoneyGram's current procedures and protections related to data security and personally identifiable information will remain intact.

MoneyGram and Ant Financial have already made significant progress towards obtaining the regulatory approvals necessary to complete the transaction, including obtaining antitrust clearance in the United States and filing for certain state licensing approvals. The transaction is subject to the approval of MoneyGram stockholders, obtaining remaining regulatory approvals, including the clearance of the transaction by the Committee on Foreign Investment in the United States, and other customary closing conditions. The transaction continues to be expected to close in the second half of 2017. The transaction is not subject to any financing conditions.

MoneyGram stockholders of record as of April 7, 2017 will be asked to vote on the Amended Merger Agreement at a special meeting of the stockholders of MoneyGram scheduled for May 16, 2017. Thomas H. Lee Partners and certain MoneyGram executives who collectively own approximately 46 percent of the outstanding voting shares of MoneyGram previously entered into agreements with MoneyGram to vote in favor of the transaction, which agreements remain in effect following entry into the Amended Merger Agreement. The MoneyGram board of directors recommends that MoneyGram stockholders vote "for" the Amended Merger Agreement at the special meeting.

On April 14, 2017, MoneyGram received a binding offer from Euronet Worldwide, Inc. ("Euronet") (NASDAQ: EEFT) to acquire all of the outstanding shares of MoneyGram Common Stock and Preferred Stock (on an as-converted basis) for $15.20 per share in cash. Upon receipt of Ant Financial's increased offer on April 15, 2017, MoneyGram's board of directors, after careful review and consideration in consultation with its outside legal and financial advisors, compared the relative merits of the increased offer reflected in the Amended Merger Agreement with Ant Financial to the binding offer from Euronet and unanimously determined that the Euronet proposal was not superior to the Amended Merger Agreement and that entering into the Amended Merger Agreement was in the best interests of MoneyGram stockholders.
Antwort auf Beitrag Nr.: 54.820.255 von R-BgO am 27.04.17 16:01:41MoneyGram And Ant Financial Announce Termination Of Amended Merger Agreement


DALLAS and HANGZHOU, China, Jan. 2, 2018 /PRNewswire/ --

MoneyGram (NASDAQ: MGI) and Ant Financial Services Group today announced that they have mutually agreed to terminate their Amended Merger Agreement following the inability of the companies to obtain the required approval for the transaction from the Committee on Foreign Investment in the United States ("CFIUS"), despite extensive efforts to address the Committee's concerns. MoneyGram and Ant Financial also announced that they plan to work together on new strategic initiatives in the remittance and digital payments markets that will help each company achieve its objective of enabling consumers around the world to enjoy better money transfer services.

Alex Holmes, Chief Executive Officer of MoneyGram, said, "The geopolitical environment has changed considerably since we first announced the proposed transaction with Ant Financial nearly a year ago. Despite our best efforts to work cooperatively with the U.S. government, it has now become clear that CFIUS will not approve this merger. We are disappointed in the termination of this compelling transaction, which would have created significant value for our stakeholders. The MoneyGram Board and management team greatly appreciate the significant time and energy that so many of our colleagues have devoted to trying to complete the transaction."

Under the new strategic business cooperation, MoneyGram and Ant Financial will explore and develop initiatives to bring together their capabilities in remittance and digital payments to provide their respective customers with user-friendly, rapid-response and low-cost money transfer services into China, India and the Philippines, among other Asian markets, as well as in the U.S. and other key regions around the world.

Mr. Holmes continued, "While we are disappointed by this outcome, we are confident in the future of MoneyGram and are excited about the benefits of our future cooperation with Ant Financial. By increasing access to digitally enabled customer wallets on the receiving side, we will be able to reduce distribution costs and improve transaction processing time. Together with Ant Financial, we hope to be the preferred money transfer option globally, and we look forward to bringing the considerable benefits of this collaboration to all of our stakeholders, including stockholders, customers, agents and employees."

Doug Feagin, President of Ant Financial International, said, "We remain excited and encouraged about Ant Financial's future prospects around the world as we continue to establish new partnerships and pursue opportunities that bring innovative services to our ecosystem. Establishing this new strategic cooperation with MoneyGram will add a partner with global remittance capabilities to our ecosystem and, while Ant Financial won't have a direct ownership relationship with MoneyGram, we look forward to working closely with the MoneyGram team to make our platform even more accessible - particularly to unbanked and underserved communities globally - and create even better experiences for our customers."

As previously announced on April 16, 2017, MoneyGram and Ant Financial entered into an amended merger agreement under which Ant Financial would acquire all of the outstanding shares of MoneyGram for $18.00 per share in cash. In accordance with the Merger Agreement, simultaneous with termination of the agreement, Ant Financial paid MoneyGram a $30 million termination fee.

MoneyGram will provide additional financial and operational information during its fourth quarter 2017 earnings call.
Antwort auf Beitrag Nr.: 57.773.260 von R-BgO am 16.05.18 15:48:40
scheint ihnen
nicht so gut bekommen zu sein
gehen wir heute weiter rauf? 🤔
spannend alles 🤔
leider kann ich nur zuschauen 🙄🤷‍♂️
Wow, Moneygram stellt sich komplett neu auf und das mit starken Partnern, mit Crypto, aber andockend an ihre langjährige Expertise im Geschäft. Das scheint mir noch sehr spannend zu werden und ich bin gut gelaunt, dass ich zum Spaß vor einigen Wochen, als ich das erste Mal davon las, dass Ripple in Moneygram investiert, ein paar Aktien ins Depot legte :)
MoneyGram International | 5,195 $
Bei denen ging es ja steil bergab, der Kurs hinterher. Von über 16 auf knapp 1,20 Euro in den letzten 2,5 Jahren. Aber die scheinen nicht nur ihre Hausaufgaben gemacht zu haben, sie transformieren ihre Kompetenz und machen sich zukünftsfähig. Starke Kooperationen und Investitionen können dabei helfen. Bin gespannt, ob und wie erfolgreich der Turnaround ausfällt.

Das Business ist im Zeitalter von Migration und daraus folgenden unterschiedlichen Infrastrukturen zwischen Sender und Empfänger noch immer alternativlos, aber Moneygram arbeitet wohl auch schon an divers miteinander verknüpfbaren Bezahlsystemen.

http://ir.moneygram.com/events-presentations

Sagt nicht, ihr hättet hier nix mitbekommen können 😅
MoneyGram International | 4,798 €


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