MoneyGram surges 31 percent on possible Western Union deal

MoneyGram shares jumped 31 percent in afternoon trading on Tuesday, a day after reports that larger rival Western Union offered to buy the company. The deal comes as MoneyGram is about $878 million in debt, according to Bloomberg, and as traditional money-transfer companies look for ways to compensate for competition from newer outfits like PayPal. Citing… Continue reading at New York Post