OzForex announced to the ASX this morning that they have terminated discussions with Western Union regarding the takeover offer received in November last year. The company said in its announcement: “Although discussions continued for some months, Western Union has not submitted a binding proposal. Accordingly, the Board of OFX has terminated discussions with Western Union.” The Board also provided a trading update advising of reducing trading volumes and customer acquisition, with resulting reduced guidance. (VIEW LINK)
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise