Western Union Acquisition Broadens Portfolio and Expands Global Payments Capabilities
Addition of Business-to-Business Payments Provider Opens New Channels and New Customer Segments
ENGLEWOOD, Colo., May 07, 2009 (BUSINESS WIRE) -- The Western Union Company (NYSE:WU), a leader in global payments, today announced a definitive agreement to acquire Canada-based Custom House, Ltd., a leading, independent provider of business-to-business international payment solutions for small and medium enterprises (SME). The US $370 million cash transaction is expected to close in the third quarter 2009, subject to regulatory approvals and customary closing conditions.
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