China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer

By Cate Cadell
BEIJING (Reuters) – China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles.
Ant’s [ANTFIN.UL] plans to expand globally with the acquisition of one of the biggest firms in remittances hit a major snag last month when U.S.-based Euronet Worldwide Inc made an unsolicited offer and openly lobbied