MoneyGram jumps on report of Advent takeover rumors

MoneyGram International

16/07/2021 13:58

** Money transfer co's shares  MGI.O  jump 8.5% to $10.8
after a media report takeover interest 
    ** The Financial Times reports https://www.ft.com/content/abac604d-3040-49c3-99b7-b6a3ed9a341d
 MGI is rumored to be in the sights of private equity group
Advent
    ** Stock has continued to lag behind rivals in the
peer-to-peer payments industry, which has left it vulnerable to
an opportunistic buyout offer, according to people familiar with
the situation - FT
    ** Co on Thurs said co Moneygram online delivered 44%
cross-border transaction growth
    ** Stock up ~83% YTD

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))