Western Union to acquire Canada's Custom House Ltd. for $370M - Denver Business Journal:

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The acquisition of Ltd. will expand Western Union’w presence in the smalol and medium enterprises payment diversify its product portfolio and expand itscustomee base, Western Union officiald said. "Custom House is a dynamicv business and has a significantr customer base inthe cross-border payments which generates strong margins and cash flow," Western Unionh CEO Christina Gold said in a "Western Union intends to grow this businesse by attracting new customers and enterintg new geographies.
" Douglas County-based Western Union (NYSE: WU), a global payments said that the deal was expectecd to close in the third It will be funded by cash on It is expected to dilute Westerm Union’s 2009 earnings by about 1 cent per with the largest portion of the dilutionh attributable to a new accounting standare that requires expensing of transaction-related costs, and to benefit 2009 revenuew by less than 1 Victoria, British Columbia-based Custom founded in 1992, is on track to generate $100 million in annualized revenue, Western Union officialx said.
Most of the revenue comeds from senders insevej countries: Canada, the United the United Kingdom, Italy, Singapore and New Zealand.