MoneyGram to share info with Euronet

NEW YORK: United States electronic payments company MoneyGram International Inc has offered to share confidential information with peer Euronet Worldwide Inc, after the latter made a US$1 billion (RM4.43 billion) acquisition offer. MoneyGram has found that Euronet’s cash offer of US$15.20 per share could be superior compared with a deal it agreed to in January to sell itself to China’s Ant Financial Services Group for US$13.25 a share in cash. MoneyGram will also receive information from Euronet that will allow it to better assess potential antitrust risks.