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Western Union and Intermex Announce Expiration of the Hart-Scott-Rodino Act Waiting Period
Globenewswire· 2025-10-07 20:05
DENVER and MIAMI, Oct. 07, 2025 (GLOBE NEWSWIRE) -- The Western Union Company (“Western Union”) (NYSE: WU) and International Money Express, Inc. (“Intermex”) (NASDAQ: IMXI) announced today the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Western Union’s planned acquisition of Intermex. The expiration of the waiting period represents an important regulatory approval for the completion of the planned acquisition, which was first announced e ...
Western Union to Acquire International Money Express, Inc.
Globenewswire· 2025-08-10 23:20
Core Viewpoint - Western Union is acquiring International Money Express, Inc. (Intermex) for $16.00 per share in an all-cash transaction, totaling approximately $500 million, aimed at strengthening its retail presence in North America and expanding its digital customer acquisition efforts [1][5][6] Strategic Rationale and Benefits - The acquisition enhances Western Union's retail offering in the U.S. and expands its market coverage in high-potential geographies, leveraging Intermex's market knowledge and agent relationships [2][8] - It is expected to be immediately accretive to Western Union's adjusted EPS by more than $0.10 in the first full year post-close and generate approximately $30 million in annual run-rate cost synergies within the first 24 months [6][8] - The combination of both companies is positioned to drive growth across North America by integrating Intermex's capabilities into Western Union's existing network [3][8] Transaction Details - The acquisition price of $16.00 per share represents a roughly 50% premium to Intermex's 90-day volume-weighted average price [5] - The transaction has been unanimously approved by the boards of directors of both Western Union and Intermex, with recommendations for stockholders to vote in favor of the merger [7] Integration and Future Plans - The transaction is expected to close in mid-2026, subject to customary closing conditions and regulatory approvals, including stockholder approval from Intermex [9] - Following completion, a coordinated integration plan will be implemented to ensure a smooth transition for customers, agents, and partners [9]