Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Euronet Worldwide, Inc.    EEFT

EURONET WORLDWIDE, INC. (EEFT)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Euronet Worldwide : Ant Financial to try again for U.S. approval of MoneyGram deal - source

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/16/2017 | 05:40am CEST
FILE PHOTO - A logo of Ant Financial is displayed at the Ant Financial event in Hong Kong

(Reuters) - Chinese payments company Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International Inc (>> Moneygram International Inc) for $1.2 billion (£883 million), a source familiar with the matter said on Friday.

(Reuters) - Chinese payments company Ant Financial is planning to resubmit its application for U.S. review of its deal to buy MoneyGram International Inc (>> Moneygram International Inc) for $1.2 billion (£883 million), a source familiar with the matter said on Friday.

Ant Financial and MoneyGram have already refiled for clearance from Committee on Foreign Investment in the United States (CFIUS) when they were unable to secure it within an assessment period after the first application, Reuters reported in July, citing sources.

“We are not commenting on the CFIUS process, but we are continuing to work with the various regulatory agencies and remain focused on closing the transaction by the end of the year," the company said in a statement.

Ant Financial's latest attempt for approval would be its third as the maximum time of 75 days for assessing such applications nears completion.

CFIUS is a secretive government panel which reviews acquisitions by foreign entities for potential national security risks.

A CFIUS refile indicates increased government scrutiny and more deals have been resubmitted to CFIUS since the inauguration of U.S. President Donald Trump in January.

CFIUS had objected to at least nine acquisitions of U.S. companies by foreign buyers by July 20, Reuters reported, citing people familiar with the matter said.

Ant Financial finalised its deal to buy Dallas-based MoneyGram in April, after it sweetened its bid by over a third to beat a rival offer from U.S.-based Euronet Worldwide Inc (>> Euronet Worldwide, Inc.).

MoneyGram, and CFIUS could not immediately be reached for comment.

Ant Financial's plans were earlier reported by Bloomberg.

(Reporting by Ismail Shakil in Bengaluru and Liana Baker in New York; Editing by Cynthia Osterman & Simon Cameron-Moore)

By Liana B. Baker

Stocks treated in this article : Euronet Worldwide, Inc., Moneygram International Inc
Stocks mentioned in the article
ChangeLast1st jan.
EURONET WORLDWIDE, INC. -0.42% 93.92 Delayed Quote.11.93%
MONEYGRAM INTERNATIONAL INC -2.82% 5.86 Delayed Quote.-55.54%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EURONET WORLDWIDE, INC.
08/03EURONET WORLDWIDE : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION ..
AQ
07/27EURONET WORLDWIDE : ATM deployer Euronet bags double-digit year-over-year gains ..
AQ
07/25EURONET WORLDWIDE, INC. : to Host Earnings Call
AC
07/25EURONET WORLDWIDE INC : Results of Operations and Financial Condition, Financial..
AQ
07/25EURONET WORLDWIDE : 2Q Earnings Snapshot
AQ
07/25Euronet Worldwide Reports Second Quarter 2018 Financial Results
GL
07/24Free Stock Performance Review on First Data and Three Additional Business Ser..
AC
07/12EURONET WORLDWIDE : Announces Second Quarter 2018 Earnings Release Date and Conf..
AQ
07/12Euronet Worldwide Announces Second Quarter 2018 Earnings Release Date and Con..
GL
06/26Free Technical Research on First Data and Three More Business Services
AC
More news
News from SeekingAlpha
07/26Euronet Worldwide, Inc. 2018 Q2 - Results - Earnings Call Slides 
07/25Euronet Worldwide, Inc. (EEFT) CEO Kevin Caponecchi on Q2 2018 Results - Earn.. 
07/25Euronet Worldwide up 7% post Q2 results 
07/24Euronet misses by $0.50, beats on revenue 
07/23Notable earnings after Tuesday?s close 
Financials ($)
Sales 2018 2 554 M
EBIT 2018 359 M
Net income 2018 229 M
Finance 2018 464 M
Yield 2018 -
P/E ratio 2018 22,19
P/E ratio 2019 18,07
EV / Sales 2018 1,71x
EV / Sales 2019 1,42x
Capitalization 4 837 M
Chart EURONET WORLDWIDE, INC.
Duration : Period :
Euronet Worldwide, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EURONET WORLDWIDE, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 111 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Michael J. Brown Chairman, President & Chief Executive Officer
Rick L. Weller Chief Financial & Accounting Officer, Executive VP
Martin L. Brückner Chief Technology Officer & Senior Vice President
Thomas A. McDonnell Lead Independent Director
Eriberto R. Scocimara Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EURONET WORLDWIDE, INC.11.93%4 837
FISERV20.90%31 843
WIRECARD82.44%23 753
FIRST DATA CORP47.64%23 063
FLEETCOR TECHNOLOGIES, INC.13.04%19 353
GLOBAL PAYMENTS15.86%18 605