THE WESTERN UNION COMPANY (NYSE:WU) Files An 8-K Other Events
Item 8.01 Other Events.
On February28, 2019, The Western Union Company (the “Corporation”), issued the press release attached hereto as Exhibit99.1 announcing (a)the entry into a Stock Purchase Agreement, dated as of February28, 2019, among the Corporation, ACI Worldwide Corp. and ACW Worldwide,Inc. to which, subject to the terms and conditions therein, ACI Worldwide Corp. will buy the outstanding securities of E Commerce Group Products Inc. together with the Corporation’s Speedpay business and (b)a new $1 billion share repurchase program.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are filed with this Current Report on Form8-K:
Western Union CO Exhibit
EX-99.1 2 a19-5514_1ex99d1.htm EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE Western Union Announces Sale of Speedpay U.S. Domestic Bill Pay Business and new $1 billion Share Repurchase Program The Company agrees to sell Speedpay for $750 million in cash DENVER,…
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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.
