Western Union Reportedly Seeking to Acquire MoneyGram
Western Union (NYSE: WU) is reportedly courting MoneyGram International (NASDAQ: MGI) in a takeover bid that would combine two of the largest money-transfer companies in the U.S.
Bloomberg first reported the rumors, citing an anonymous source, who said Western Union has made an offer, but that the target company has not yet decided on its response. News of the potential acquisition sent shares of both companies higher.
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Source Fool.com
