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Wall Street's M&A Chatter From March 14: Moneygram, Walgreens, Volkswagen


The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, March 14, 2017.

Euronet Worldwide Proposes to Acquire MoneyGram for $15.20/Share

The Offer:

Euronet Worldwide, Inc. (NASDAQ: EEFT) announced Euronet has made a proposal to acquire all shares outstanding of MoneyGram International, Inc. (NASDAQ: MGI) for $15.20 per share in cash. The offer is approximately 15 percent higher than the offer by Alibaba's (NYSE: BABA) Ant Financial Services Group announced on January 26.

Euronet stressed a faster closing with their proposal, with no required review by the Committee on Foreign Investment in the United States.

MoneyGram closed at $15.77, up 24.57 percent.

VW CEO Won't Rule Out Talks With Fiat Chrysler on Possible Merger

The CEO Comments:

Volkswagen (OTC: VLKAY) CEO Matthias Mueller said he's not ruling out discussions with Fiat Chrysler (NYSE: FCAU) head Sergio Marchionne regarding a potential merger. Mueller spoke to reporters following VW's annual earnings press conference and said he wasn't "ruling out a conversation."

Mueller said, "It would be very helpful if Mr Marchionne were to communicate his considerations to me too and not just to you" and said he was "pretty confident about the future of Volkswagen, with or without Marchionne."

Fiat Chrysler closed at $11.06, down $0.05.

Walgreens Could Offer New Package to FTC in a Matter of Weeks'

The Rumor:

Walgreens Boots Alliance Inc. (NASDAQ: WBA) is said to be near an agreement to sell additional assets to Fred’s Inc. (NASDAQ: FRED), according to sources as reported by Bloomberg. Walgreens is making the move in an attempt to gain U.S. antitrust approval for its acquisition of Rite Aid Corp. (NYSE: RAD), a source said.

Under the new package, Walgreens would increase the number of stores being sold and would add distribution centers, software and personnel. The proposal could be submitted to the FTC "within weeks."

Walgreens closed at $85.40, down $0.21. Rite Aid shares rose $0.14, closed at $4.87. Fred's closed at $15.31, up $0.53.


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