Euronet continues to see MoneyGram deal as logical but no guarantee offer to be made
03 JAN 2018
Euronet Worldwide, Inc. ("Euronet" or the “Company”) (NASDAQ:EEFT) today issued the following statement in response to numerous inquiries regarding Euronet’s intentions following the announcement by MoneyGram [NASDAQ:MGI] and Ant Financial of the termination of their Merger Agreement.
Euronet continues to believe there is compelling commercial logic to a combination between Euronet and MoneyGram. However, significant developments have been disclosed by MoneyGram since Euornet’s offer and Euronet has not conducted any evaluation of the business in that time. While we continue to view a transaction with MoneyGram as logical, there is no guarantee any offer will be made or any transaction will ultimately occur.