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February 4, 2013
11:10 EDTWUWestern Union added to short-term buy list at Deutsche Bank
News For WU From The Last 14 Days
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November 25, 2015
17:51 EDTWUOzForex grants Western Union exclusive due diligence
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November 18, 2015
20:01 EDTWUWestern Union confirms acquisition discussions with OzForex
The Western Union Company confirmed that it has submitted a non-binding, indicative proposal to potentially acquire online payments services provider OzForex Group Limited, which is listed on the Australian Stock Exchange. The discussions are at a preliminary stage, and the proposal is subject to detailed diligence and a number of conditions so there is no certainty that a transaction will occur. The company does not intend to provide any further comment on the potential transaction at this time.
19:08 EDTWUOzForex says receives acquisition proposal from Western Union
OzForex Group said it has received a preliminary, non-binding, indicative conditional proposal from Western Union to acquire 100% of the company's shares. The proposal contemplates an all cash consideration of $3.50-$3.70 per OzForex share and is subject to a number of conditions, said the company, including access to due diligence, retention of management, and relevant regulatory approvals. "The board of directors of OzForex intends to evaluate the indicative proposal... Irrespective of whether the indicative proposal proceeds, the board believes that OzForex has a very attractive independent future," remarked the company. Reference Link
14:49 EDTWUEarnings Watch: Salesforce shares up 14% since last earnings report
Salesforce (CRM) is scheduled to report third quarter results after the market close on Wednesday, November 18, with a conference call scheduled for 5:00 pm ET. Salesforce is a provider of enterprise cloud computing solutions that include apps and platform services. EXPECTATIONS: Analysts are looking for earnings per share of 19c on revenue of $1.7B, according to First Call. The consensus range for EPS is 17c-20c on revenue of $1.68B-$1.72B. On its last earnings conference call, Salesforce gave Q3 EPS guidance of 18c-19c and revenue guidance of $1.69B-$1.7B. It also gave FY16 EPS guidance of 70c-72c and FY16 revenue of $6.6B-$6.63B. The company expects FY16 operating cash flow growth of approximately 34%-35%. Salesforce said it is now on pace to reach $7B run rate later this year. LAST QUARTER: On August 20, Salesforce reported second quarter EPS of 19c, beating the consensus analyst forecast of 18c. The company's revenue came in at $1.63B, topping the consensus estimate of $1.60B. It reported deferred revenue on balance of $3.03B as of July 31 and Q2 subscription and support revenue of $1.52B. Salesforce added that Q2 was the "best quarter ever" for the company due to momentum in Europe and growth in the adoption of its core platform. NEWS: Salesforce and Western Union (WU) announced an agreement for Western Union to use Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate previously paper-based processes. Salesforce also announced plans to extend its strategic partnership with Microsoft (MSFT). The company said it would double its workforce in the Seattle area. STREET RESEARCH: Brean Capital said Salesforce should be a core holding due its new cloud targets, operating margin expansion and revenue growth in the 20%-30% range year over year. Jeffries said it was impressed with the company's DreamForce conference, but kept an Underperform rating on the stock because the net present value of new business may be negative for Salesforce at this time. In late September, Oppenheimer said that the company's checks were positive. It added that Salesforce's share of the market could be increasing and adds that Salesforce's platform strategy is becoming more popular with customers. PRICE ACTION: Salesforce shares are up over 14% since the company's Q2 report. In afternoon trading ahead of Thursday's report, Salesforce shares are up fractionally.
November 17, 2015
08:03 EDTWUWestern Union offers new global money transfer service on WeChat
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