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MoneyGram Draws Takeover Interest From Stellar, Advent

MoneyGram International Inc. 
Photographer: Paul Thomas/Bloomberg

MoneyGram International Inc., one of the largest money-transfer services in the U.S., has received preliminary takeover interest from Stellar Development Foundation and private equity firm Advent International, according to people familiar with the matter.

San Francisco-based Stellar, which oversees a network for facilitating cross-border payments, is working with Advent on a potential acquisition of MoneyGram, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and Stellar and Advent could opt to not proceed with a deal, they said.