When Western Union Co. announced earnings Tuesday morning, the money transfer firm said it is interested in international acquisitions and hopes to take advantage of them at the right price. However, CFO Scott Scheirman offered little additional info about acquisition candidates, but he did say Western Union has $1 billion of cash on its balance sheet for deals. What can be deduced is that Western Union is not interested in domestic rivals CheckFree or Moneygram. Odds are, Western Union is looking for acquisitions outside of the Americas altogether as its earnings from Latin America — particularly Mexico — are weakening. The company attributes the softening in its Latin operations to U.S. backlash to illegal immigration. Consequently, Western Union is likely to look to Asian countries with growing immigration populations in the U.S. India perhaps? — Matthew Wurtzel
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