One More PE Suitor Takes Interest in MoneyGram (MGI)
More and more people are becoming interested in the possible acquisition of MoneyGram (Nasdaq: MGI).
According to the NY Post, private-equity outfit GTCR is now on the list of potential suitors for MoneyGram. Sources said that GTCR is talking with management and probably won't make a bid for another several weeks.
MoneyGram is a large player in the money-transfer business, but not the largest. Western Union (NYSE: WU) controls about 15 percent of the global market, versus 5 percent for MoneyGram.
Sources said MoneyGram could draw $2.5 billion in a deal.
After falling 1.3 percent on Thursday, shares of MoneyGram are flat early Friday.
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