Street Talk

OzForex receives a takeover approach from Western Union

Edited by Sarah Thompson, Anthony Macdonald and Joyce Moullakis

Updated Nov 18, 2015 – 6.43pm, first published at 4.49pm

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Online foreign exchange company OzForex Group has had a preliminary takeover approach, as revealed by Street Talk Online on Wednesday.

Western Union is understood to be the acquirer. The NYSE-listed giant is taking its counsel from Gresham Partners.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.

Joyce Moullakis writes on banking and finance, specialising in investment banking, private equity, and financial services.