OzForex opens books to Western Union

OzForex has given exclusive rights to Western Union to conduct due diligence in connection with its takeover proposal.

OzForex has agreed to allow Western Union exclusive access to conduct due diligence in connection with its takeover proposal. The company has agreed not to negotiate with others during the due diligence process, but can consider competing offers 'where failure to do so would be reasonably likely to constitute a breach of fiduciary or statutory duties by the OzForex Directors'.

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