Western Union confirms acqusition talks with OzForex

Source: Western Union

The Western Union Company (NYSE: WU) today confirmed that it has submitted a non-binding, indicative proposal to potentially acquire online payments services provider OzForex Group Limited, which is listed on the Australian Stock Exchange.

The discussions are at a preliminary stage, and the proposal is subject to detailed diligence and a number of conditions so there is no certainty that a transaction will occur.

The Company does not intend to provide any further comment on the potential transaction at this time.

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