THE WESTERN UNION COMPANY (NYSE:WU) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry Into a Material Definitive Agreement.
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Financial Services, Inc. (WUFSI), a subsidiary of The Western Union
Company (the Company), entered into a Settlement Agreement, as
amended (the Settlement Agreement) with the State of Arizona (the
State). On June 9, 2017, the Superior Court of the State of Arizona
In and For the County of Maricopa issued a Final Order Accepting
Monitor’s Final Report of the Secondary Recommendations Term and
Concluding Matter (the Final Order), providing that the engagement
of the monitor required under the Settlement Agreement terminated
effective June 9, 2017.
complete and is subject to, and qualified in its entirety by
reference to, the full text of the Final Order, which is filed as
Exhibit 10.1 to this current report on Form 8-K and is incorporated
by reference into this Item 1.01.
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Item 7.01
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Regulation FD Disclosure.
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2017, which is attached hereto as Exhibit 99.1. The information
furnished under this Item 7.01, including Exhibit 99.1 attached
hereto, shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference
to such filing.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
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Description of Exhibit
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10.1
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Final Order Accepting Monitor’s Final Report of the
Secondary Recommendations Term and Concluding Matter Issued June 9, 2017 by the Honorable Warren Granville, Maricopa County Superior Court Judge. |
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99.1
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Joint press release issued by the Company and the State
on June 12, 2017. |
About THE WESTERN UNION COMPANY (NYSE:WU)
The Western Union Company (Western Union) is a provider of money movement and payment services. The Company operates through three segments: Consumer-to-Consumer, Consumer-to-Business and Business Solutions. Western Union’s Consumer-to-Consumer segment is engaged in individual money transfers from one consumer to another. The Company’s Consumer-to-Business segment provides options to make one-time or recurring payments from consumers to businesses and other organizations, including utilities, auto finance companies, mortgage servicers, financial service providers, government agencies and other businesses. Western Union’s Business Solutions segment facilitates payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Company’s services are primarily available through a network of agent locations in approximately 200 countries and territories.