MoneyGram Signs a Confidentiality Agreement with Euronet Worldwide to Further Contemplate on Euronet's Unsolicited Offer



DALLAS, March 26: MoneyGram revealed that it has signed an Acceptable Confidentiality Agreement with Euronet Worldwide, so as to further deliberate on Euronet's unsolicited offer made on March 14, 2017 to procure all of the remaining shares of MoneyGram Common Stock and Preferred Stock for $15.20 per share in cash on an as-converted basis

As formerly proclaimed on March 20, 2017, MoneyGram's board of directors, after discussion with its external legal and fiscal consultants, decided that the unsolicited Euronet offer could rationally be anticipated can lead to a "Company Superior Proposal" as demarcated in MoneyGram's union contract with Ant Financial Services Group ("Ant Financial"). MoneyGram perceived at that time that the resolve by its board of directors permits MoneyGram to take definite activities, consistent with the dealings set forth in the unification contract with Ant Financial, to further deliberate on the Euronet Proposal, comprising getting involved with negotiations with Euronet conditional on entry into an Acceptable Confidentiality Agreement with Euronet pursuant to such unification contract.

As formerly proclaimed on January 26, 2017, MoneyGram entered into a decisive contract with Ant Financial Services Group under which MoneyGram will combine with Ant Financial, with stockholders of MoneyGram being presented $13.25 per share in cash.

MoneyGram remains dependent on the unification contract with Ant Financial. Regarding its endorsement of that unification contract, MoneyGram's board of directors decided to endorse that MoneyGram stockholders support the unification contract.  The MoneyGram board of directors has not altered its approval in support of the unification contract, nor is the MoneyGram board of directors making any sanction regarding the Euronet Proposal. There can be no guarantee that the board of directors will eventually decide that the Euronet Proposal is a Company Superior Proposal, that the conditions of any contract will be the similar as those revealed in the Euronet Proposal or that any deal with Euronet will be approved to or completed.

BofA Merrill Lynch is working as fiscal consultant to MoneyGram and Vinson & Elkins LLP is functioning as its legal consultant.

MoneyGram is a worldwide contributor of novel money transfer facilities and is acknowledged globally as a fiscal link to acquaintances as well as family. Whether online, or by means of a mobile gadget, at a kiosk or in a local store, or link customers any technique that is expedient for them. The company furthermore deliver bill payment facilities, deliver money orders and administer formal checks in limited markets.

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