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MoneyGram was then folded into Viad's Travelers Express in Minneapolis. [16] In November 2000, the MoneyGram brand and business was sold to Travelex as part of its acquisition of Thomas Cook Financial Services for £400m. In 2003, Travelers Express gained full ownership of the MoneyGram network, including MoneyGram International. [13]
In 2003, Viad began the process of engineering a reverse tax-free spinoff of Travelers Express. Thus, a new subsidiary was formed, MoneyGram International, Inc., which early in 2004 received the payment services business and its stock was distributed to Viad stockholders. Viad then conducted a one-for-four reverse stock split.
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Travelers Express/MoneyGram, deposit banking functions — 450 employees [22] Benilde-St. Margaret's School — 200 employees; Nordic Ware (also known as Northland Aluminum Products), which introduced the Bundt cake in about 1950, household cooking equipment — 135 employees; Bridgewater Bank which is Headquartered in the City Limits.
MoneyGram offers bill payment services in the United States and Canada and money transfer services worldwide through a global network of more than 310,000 agent locations - including retailers ...
MoneyGram serves more than 50 million people in more than 200 countries and territories each year, processing more than $200 billion annually, according to the company.
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