MoneyGram Agrees to Merge with Ant Financial in $880M Deal
Vinson & Elkins advised MoneyGram International, Inc. in a definitive agreement under which MoneyGram will merge with Ant Financial, with stockholders of MoneyGram being offered $13.25 per share in cash. The transaction is valued at approximately $880 million.
MoneyGram is a global provider of innovative money transfer services. Ant Financial is one of the world’s leading digital financial services providers.
The V&E team was led by corporate partners Alan Bogdanow and Lande Spottswood, with assistance from associates Justin Hunter, Ryan Martin and Samantha Monk. Other key deal team members are partner David D’Alessandro, counsel Casey Fisk and associate Austin Light; partners Billy Vigdor and Neil Imus and counsel Daniel Gerkin; partner David Wicklund; partner Jim Meyer; partner Devika Kornbacher; and partner Jay Kolb and senior associate Rachel Xie.
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