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Levi & Korsinsky has commenced an investigation into the fairness of the sale of MoneyGram International, Inc. (NASDAQ: MGI) to Ant Financial Services Group. Under the terms of the transaction, MoneyGram shareholders will receive $13.25 for each share of MoneyGram stock they own.
The investigation concerns whether the Board of MoneyGram breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Ant Financial Services Group is underpaying for MoneyGram shares.
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