
MGI Stock Jumps 19% as MoneyGram Prepares for Takeover from Madison Dearborn
MoneyGram’s Chief Executive Officer Alex Holmes will remain at the helm of affairs in the company following the completion of the buyout.
MoneyGram’s Chief Executive Officer Alex Holmes will remain at the helm of affairs in the company following the completion of the buyout.
The shares of MoneyGram may bounce back to better days as the legal team representing Ripple reportedly had a great showing in the first court hearing.
MoneyGram has noted that it is not a named party in the SEC vs Ripple lawsuit and that its relationship with the embattled blockchain payment firm remains unchanged barring any new developments.