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Abernathy MacGregor is handing Madison Dearborn Partners’ $1.8B deal to acquire MoneyGram International, global leader in the digital person-to-person payments space.
The $11-per-share offer is a 50 percent premium over the Dec. 14 closing price, the day prior to media reports about a potential MoneyGram acquisition.
Alex Holmes, MoneyGram chief, said the MDP transaction follows a thorough review of ways to bolster shareholder value.
Partnering with MDP and becoming a private company will provide MoneyGram greater opportunities to innovate and grow, added Holmes.
MDP, which has raised more than $28B in capital since its formation in 1992, expects the deal to close during Q4.
Abernathy MacGregor’s Deirdre Walsh and Jake Yanulis handle MDP.
Kekst CNC is providing media support for the Japanese owner of the 7-Eleven convenience store chain, which has rejected a $39B takeover offer by the Canadian owner of its rival Circle K network. (Updated on 12/6)
Kekst CNC represents Agriculture & Natural Solutions Acquisition Corp. as it acquires Australian Food & Agriculture Co. in a SPAC deal valued at $510M.
There’s no shortcut to relationship building in the world of financial services PR.
Why press releases and media relations are table stakes.
Richard Dukas, founder and CEO of Dukas Linden PR, a financial services PR specialist headquartered in New York City, talked with O’Dwyer’s about life running an independent agency, tackling election-year obstacles, employing AI, and the post-COVID work environment.
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