6/2, 9:14 PM (Source: TeleTrader)
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Western Union jumps over 11% on Moneygram deal report

Shares of the Western Union Co soared over 11% on Tuesday after some media reports that the company wants to buy American money transfer company MoneyGram International Inc.

The deal, if successful, would combine two of the biggest money-transfer services in the United States.

Western Union Stock surged 11.40% to sell for $23.07 per share at 3:08 pm CET while shares of Moneygram went up by 30.81% to $3.39 at the same time.

Breaking the News / TF