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Hart-Scott-Rodino waiting period for MoneyGram, Ant Financial merger expires

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Hart-Scott-Rodino waiting period for MoneyGram, Ant Financial merger expires

The Hart-Scott-Rodino waiting period for the pending merger between MoneyGram International Inc. and China-based Ant Financial Services Group has expired.

The expiration of the waiting period satisfied one of the conditions necessary for the merger. The merger, which remains subject to the approval of MoneyGram stockholders, other regulatory approvals and customary closing conditions, is expected to close in the second half of the year.

However, MoneyGram also recently entered into a confidentiality agreement with Euronet Worldwide Inc. to further consider Euronet's unsolicited proposal to acquire all of the outstanding MoneyGram common stock and preferred stock for $15.20 per share in cash.