Key Developments: MoneyGram International Inc (MGI.N)

MGI.N on New York Stock Exchange

18.92USD
10 May 2013
Price Change (% chg)

$0.66 (+3.61%)
Prev Close
$18.26
Open
$18.25
Day's High
$19.08
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$18.25
Volume
24,640
Avg. Vol
126,501
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$23.10
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$12.46

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Latest Key Developments (Source: Significant Developments)

MoneyGram International Inc reaffirms FY 2017 revenue guidance - Conference Call
Tuesday, 20 May 2014 04:40pm EDT 

MoneyGram International Inc:Says it still want to get to $2 billion in revenue in FY 2017.  Full Article

MoneyGram International Inc launches Cash to ATM in Bulgaria with DSK bank
Thursday, 15 May 2014 03:05pm EDT 

MoneyGram International Inc:Says with DSK Bank, MoneyGram is making money transfers more convenient for customers in Bulgaria.Introduces Cash to ATM service.New service allows DSK Bank debit card holders to receive MoneyGram transfers in BGN at more than 850 DSK Bank ATM terminals.  Full Article

MoneyGram International Inc lowers FY 2014 guidance
Tuesday, 29 Apr 2014 07:00am EDT 

MoneyGram International Inc:Revises FY 2014 outlook due to recently introduced Walmart-to-Walmart white-label product.Estimates FY 2014 constant currency revenue growth to be in range of 1 pct. to 3 pct.Estimates FY 2014 constant currency adjusted EBITDA growth to be in range of 0 pct. to 2 pct.Reported revenue of $1.474 bln and EBITDA of $295.50 mln in FY 2013.FY 2014 revenue of $1.571 bln and EBITDA of $314.57 mln - Thomson Reuters I/B/E/S.  Full Article

Moneygram International announces agreement with PicomoPay
Monday, 28 Apr 2014 09:15am EDT 

Moneygram International Inc:Says it is teaming up with PicomoPay to allow its consumers in the U.S. to send money transfers via PicomoPay's Facebook application to more than 336,000 MoneyGram agent locations in more than 200 countries.  Full Article

Moneygram International signs agreement with Emirates India International Exchange
Thursday, 24 Apr 2014 09:00am EDT 

Moneygram International Inc:Announces an agreement with Emirates India International Exchange.To offer money transfer services inside its locations in UAE.  Full Article

MoneyGram International Inc prices secondary offering
Friday, 28 Mar 2014 08:00am EDT 

MoneyGram International Inc:Says 8,000,000 shares priced at $16.50 per share.Company will not receive any proceeds from offering.Offering is expected to close on April 2.Concurrently MoneyGram will repurchase 8,185,092 shares of common stock from affiliates and co-investors.  Full Article

MoneyGram International Inc to connect to HomeSend International Money Transfer Hub
Thursday, 27 Mar 2014 02:00am EDT 

MoneyGram International Inc:Announced that it has signed a global agreement with BICS to connect to HomeSend.HomeSend, a strategic business partnership between BICS and eServGlobal, is a global technology hub service that enables person-to-person fund transfers.  Full Article

MoneyGram announces secondary offering and share repurchase
Monday, 24 Mar 2014 04:55pm EDT 

MoneyGram International Inc:Says an underwritten secondary public offering for an aggregate of 8,000,000 shares of MoneyGram's common stock by affiliates and co-investors of Thomas H. Lee Partners, L.P. and affiliates of Goldman, Sachs & Co.Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock.Says it will not sell any shares in the Offering and will not receive any proceeds.Also Intends to repurchase about $150 million in shares of common stock from the Selling Stockholders concurrently with the closing of the Offering.  Full Article

MoneyGram extends exclusive relationship with UK post office
Monday, 24 Mar 2014 07:30am EDT 

MoneyGram International Inc:Extends exclusive relationship with Post Office Limited in UK.Agreement allows customers to send and receive funds at over 11,500 Post Offices across UK.Post Office, which serves almost 18 mln people a week, has been a MoneyGram agent since 1997.  Full Article

MoneyGram International Inc new agent agreement with Qingdao Rural Commercial Bank
Thursday, 13 Mar 2014 08:00am EDT 

MoneyGram International Inc:Signed an agreement with Qingdao Rural Commercial Bank.Agreement enables convenient money transfer service access for both urban and rural Qingdao residents, and foreign expatriates sending funds back home to family in Qingdao and nearby cities.Money transfer services are now available at all 330 Qingdao RCB locations.  Full Article

MoneyGram claims bank status in tax dispute with U.S. IRS

WASHINGTON, May 27 - MoneyGram International Inc is fighting in U.S. Tax Court to prove it is a bank, a designation the Internal Revenue Service disputed when it blocked $900 million in tax deductions by the world's second-largest money transfer company.

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