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China's Ant Financial pushes US to approve MoneyGram deal

MoneyGram shares fell 1.2% to $15.92 in New York trading Friday


Ant Financial is expected to make a third try for US approval of its takeover of MoneyGram International as a secretive national security panel throws up hurdles for Chinese investors seeking to buy American companies. The former affiliate of Jack Ma’s Alibaba Group Holding is preparing to resubmit the $1.2 billion deal for review before the US Committee on Foreign Investment, or CFIUS, said people familiar with the matter who asked not to be identified because the process isn’t public. The preparations underscore the trouble Chinese buyers face in persuading the ...

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First Published: Sat, September 16 2017. 23:33 IST