Wolf Haldenstein Adler Freeman & Herz LLP Announces That They Have filed a Lawsuit on Behalf of Shareholders of MoneyGram International, Inc. in the District of Delaware

Lead Plaintiff Deadline is May 30, 2017

NEW YORK, NY / ACCESSWIRE / March 29, 2017 / Wolf Haldenstein Adler Freeman & Herz LLP announces that is has filed a class action lawsuit in the United States District Court for the District of Delaware on behalf of all shareholders who currently hold shares of MoneyGram International, Inc. MGI ("MoneyGram" or the "Company").

The class action is brought on behalf of holders of the common stock of MoneyGram International, Inc., against the Company, its board of directors (the "Board"), certain members of its senior management team, Ant Financial Services Group ("Ant Financial"), and the Ant Affiliates for their violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and the rules and regulation promulgated thereunder, including Rule 14a-9, in connection with the proposed acquisition of MoneyGram by Alipay (UK) Limited ("Alipay UK") through a merger transaction with its newly formed subsidiary, Matrix Acquisition Corp.

Investors who own shares are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you presently own MoneyGram shares, and would like to move for lead plaintiff, you may, no later than May 30, 2017, request that the Court appoint you lead plaintiff of the proposed class.

On January 26, 2017, MoneyGram and Ant Financial announced that they entered into a definitive agreement (the "Merger Agreement") pursuant to which MoneyGram would be acquired by Ant Financial with stockholders of MoneyGram being offered $13.25 per share in cash for their shares. Under the terms of the Proposed Transaction, Alipay UK, an entity owned by Alipay (Hong Kong) Limited ("Guarantor") - a subsidiary of Ant Financial, will acquire all outstanding shares of MoneyGram. The Proposed Transaction was unanimously approved and adopted by the members of the MoneyGram Board of Directors. The $13.25 per share consideration represents a mere 11.5% premium to the closing price of the Company's shares on the day prior to the announcement.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago, and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Gregory Stone, Director of Case and Financial Analysis
Patrick Donovan, Esquire
Email: gstone@whafh.com, donovan@whafh.com, or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP