MoneyGram falls as Madison Dearborn sale not expected to close until late in Q2 (update) [Seeking Alpha]
Moneygram International, Inc. (MGI)
Last moneygram international, inc. earnings: 5/1 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
ir.moneygram.com
Company Research
Source: Seeking Alpha
MoneyGram falls as Madison Dearborn sale not expected to close until late in Q2 (update)May 01, 2023 3:00 PM ETMoneyGram International, Inc. (MGI)By:Joshua FinemanSA Editor5 CommentshapabapaUpdate 3pmMoneyGram (NASDAQ:fell 8%MoneyGram made the disclosure on Friday in a10-Q filing. MoneyGram () said in February when it reported its Q4 results that it plannedto complete the sale by the end of Q1/early Q2."In light of the timing and factors discussed above, the parties now expect to close the merger late in the second quarter of 2023," MoneyGram said in the 10-Q filing on Friday after the close.Investors have been waiting any update on the planned sale to Madison Dearborn, which needs approval from regulators in India. investors have become more worried on the deal as a May 14 termination deadline approaches.Investors are concerned that with the walk deadline nearing, the deal may have to renegotiated and there could potentially be a price cut, Aaron Glick, a merger arb strategist at T
Show less
Read more
Impact Snapshot
Event Time:
MGI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGI alerts
High impacting Moneygram International, Inc. news events
Weekly update
A roundup of the hottest topics