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.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment
services. Together with its Vigo, Orlandi Valuta, Pago Facil and Western
Union Business Solutions branded payment services, Western Union
provides consumers and businesses with fast, reliable and convenient
ways to send and receive money around the world, to send payments and to
purchase money orders. As of September 30, 2015, the Western Union, Vigo
and Orlandi Valuta branded services were offered through a combined
network of over 500,000 agent locations in 200 countries and territories
and over 100,000 ATMs and kiosks, and included the capability to send
money to hundreds of millions of accounts. In 2014, The Western Union
Company completed 255 million consumer-to-consumer transactions
worldwide, moving $85 billion of principal between consumers, and 484
million business payments. For more information, visit www.westernunion.com
WU-F, WU-G
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