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.