Cry uncle to Ant
17 April 2017
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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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