MGI - MoneyGram sale to Madison Dearborn expected to close early in Q1

• MoneyGram ( NASDAQ: MGI ) said it expects its planned sale to Madison Dearborn to close early in Q1 pending one regulatory approval.
• Once the final international money transmission regulatory approval is obtained, the parties will engage in a financing marketing period according to a statement. The marketing period will start no sooner than Jan. 3 and may last for as long as fifteen consecutive business days.
• A potential deal close comes as MoneyGram ( MGI ) has received all state regulatory approvals for the deal. MoneyGram ( MGI ) won approval from a California regulator as well as a New York State regulator last month.
• MoneyGram ( MGI ) agreed to be sold to Madison Dearborn for $11/share in February.

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