We are investigating whether the directors of MoneyGram International Inc. (Nasdaq: MGI) (“MoneyGram”) acted in the best interests of MoneyGram shareholders in approving the sale of MoneyGram to Madison Dearborn Partners, LLC (“MDP”) for $11.00 per share in cash.
If you remain a MoneyGram shareholder and have questions about your legal rights, please contact us using the form below to discuss your options at no charge.
Why is there an investigation?
On February 15, 2022, MoneyGram announced an agreement for MDP to purchase all outstanding shares of MoneyGram for $11.00 per share in cash. The agreement has been approved by MoneyGram’s board.
Our investigation concerns whether MoneyGram’s board acted in the best interests of MoneyGram shareholders in approving the sale to MDP, including whether the acquisition price adequately compensates MoneyGram shareholders, and whether all information regarding approval of the transaction has been fully disclosed.
In particular, according to an analysis of Wall Street MoneyGram price targets in the last 90 days published on SeekingAlpha, one analyst has a price target of $12.25 per share.