Moneygram (mgi) Stock Spikes On Western Union Deal Anticipation

NEW YORK (TheStreet) -- MoneyGram International shares are up 29.23% to $10.08 in pre-market trading on Wednesday following reports that the global money transfer service provider is in talks to be acquired by rival Western Union .MoneyGram's stock spiked in after-hours trading on Tuesday after Bloomberg first reported the story, citing sources close to the talks.

 

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