Euronet Bashes New CFIUS Filing In MoneyGram Deal

Law360, Washington (July 14, 2017, 7:07 PM EDT) -- The lead spurned suitor for Texas-based financial transfer company MoneyGram International Inc. capitalized on reports that successful bidder Ant Financial had to refile is request for government approval for the transaction over potential national security risks.

Euronet Worldwide, which was outbid by the Alibaba Group Holding Ltd. affiliate for MoneyGram earlier this year, said it was confident the Committee on Foreign Investment in the United States would turn down the application following reports in Reuters and elsewhere that the company resubmitted its application to the agency....
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