International Money Express (IMXI) Shareholders Approve Western Union Deal

Group 1 - International Money Express Inc. (NASDAQ:IMXI) is a Florida-based remittance services company currently in the process of being acquired by Western Union [2][3] - The acquisition deal was announced on August 10th, with Western Union set to pay $16 per share, totaling $500 million [3] - On December 9th, shareholders approved the acquisition, with 71.5% of shareholders present and nearly all voting in favor [2] Group 2 - The firm's shares increased by 59% on the day the acquisition was announced [3] - International Money Express Inc. operates a platform called remittance-as-a-service (RaaS), allowing businesses to integrate remittances into their operations [3] - The company has also partnered with Canadian money services provider Orbit Money Transfer, enabling Orbit's customers to access IMXI's network [3]