NEW YORK, Feb. 15, 2022 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MoneyGram International, Inc. (“MoneyGram” or the “Company”) (NASDAQ: MGI), in connection with the proposed acquisition of the Company by funds affiliated with Madison Dearborn Partners, LLC (“MDP”). Under the terms of the acquisition agreement, the Company’s shareholders will receive $11.00 in cash for each share of MoneyGram common stock that they hold. The transaction is valued at approximately $1.8 billion.
If you own MoneyGram shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
305 Broadway, 7th Floor
New York, NY 10007
WeissLaw LLP is investigating whether (i) MoneyGram’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $11.00 per-share merger consideration adequately compensates MoneyGram’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $12.25 per share, $1.25 above the per-share merger consideration.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weisslaw-llp-investigates-moneygram-international-inc-301483227.html
SOURCE WeissLaw LLP