OzForex receives bid

The international payments specialist has received an unsolicited takeover offer from money transfer giant Western Union.

OzForex has received an unsolicited, non-binding (etc etc) takeover offer from US-based money transfer giant Western Union. The price offered is apparently between $3.50 and $3.70 in cash, but is subject to and conditional upon Western Union being able to conduct due diligence, retain management and get any necessary regulatory approvals. These are not minor hurdles, because you can see why OzForex would be reticent about opening up its books to a competitor. No doubt this explains the discount of 7% against the mid-point of the indicative range at this point.

The OzForex board is weighing it up and will get back to shareholders with a decision.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles