MoneyGram offers to give Euronet confidential info to firm up bid: sources

New York

US electronic payments company MoneyGram International Inc has offered to share confidential information with peer Euronet Worldwide Inc, after the latter made a US$1 billion acquisition offer, people familiar with the matter said.

MoneyGram has found that Euronet's cash offer of US$15.20 per share, which was unveiled last week, could be expected to result in a superior proposal compared with a deal it agreed to in January to sell itself to China's Ant Financial Services Group for US$13.25 a share in cash, they said on Sunday.