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Cry uncle to Ant

17 April 2017 By Antony Currie

Ant Financial’s sweetened $1.2 bln bid for MoneyGram is 20 pct higher than rival Euronet’s. Cost cuts alone can’t justify a new counteroffer. Given Anbang’s struggles to close its deal with Fidelity & Guaranty, Euronet is better off waiting to see if regulators clear the way.

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