Western Union offers to buy MoneyGram

[Palerider]

https://www.bnnbloomberg.ca/western-union-makes-an-offer-to-buy-moneygram-1.1444151

Western Union Co. is seeking to acquire rival money transfer company MoneyGram International Inc., according to a person familiar with the matter.

 

[Palerider]

Meant to post this in the press section. My bad. It’s Monday so don’t blame me. Mods can you move this to press section 

[Lamberth]

No surprise given the price action in May. Somebody was agressively buying MGI, the volume was through the roof. It’ll be interesting to see the price though.

[CarloPonzi]

Bought some MGI in April. I am new to stock investment. I was kinda hoping MGI could hit $10 back one day but if the company merge I'd end up with WU shares right?

Not quite sure how should I deal with that.

[WarChest]

6 hours ago, CarloPonzi said:

Bought some MGI in April. I am new to stock investment. I was kinda hoping MGI could hit $10 back one day but if the company merge I'd end up with WU shares right?

Not quite sure how should I deal with that.

You might end up with WU shares, or cash or a mix, 

https://finance.zacks.com/happens-stocks-one-public-company-buys-another-8471.html