Western Union Says Reports Indicating Co. Discussing MoneyGram Deal 'Are Not Accurate'

The Western Union Company

, a leader in global payment services, today issued the following statement: "Although our policy is not to comment on market rumors or speculation, and that continues to be our policy on a going forward basis, in view of the high level of market activity in our stock today, Western Union states that current news reports indicating that our company is in discussions to acquire MoneyGram International, Inc. are not accurate."