Failing To Gain Regulatory Approval, Ant Financial And MoneyGram Terminate Merger Deal


Ant Financial Services Group and MoneyGram announced that they have mutually agree to terminate their merger deal after both companies failed to obtain the required approval from the Committee on Foreign Investment in the United States (CFIUS) This adds to the list of failed cross-border merger and acquisitions by Chinese companies in the U.S. due to the U.S. government’s increasing control. Last November, American aluminum rolled products manufacturer Aleris Corporation ended its sale to China’s industrial aluminum extrusion product developer Zhongwang USA …

Failing To Gain Regulatory Approval, Ant Financial And MoneyGram Terminate Merger Deal appeared first on China Money Network.


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