Western Union shares surged 10% after a report that the company has begun a strategic review following an approach from a private equity firm at a price just below $10 a share. The company is now inviting offers from other possible bidders, according to traders citing a Betaville uncooked alert. The speculation comes as Western Union is in the late stages of its planned $500 million takeover of International Money Express, whose shares edged 0.5% lower on Tuesday.
Western Union CoStrategic review and takeover interest at $10/share drives shares up 10%.
International Money Express IncMentioned as target of Western Union's planned $500M takeover; shares edged lower.