Intermex jumps after New York approves Western Union buyout deal

The Western Union

14/08/2026 16:15

** Shares of International Money Express IMXI.O, better known as Intermex, jump 19.7% to $14
** The New York State Department of Financial Services has signed off on Western Union’s WU.N pending acquisition of Intermex, the companies announce
** As part of approval, WU has made certain commitments to NYDFS with respect to remittance services and locations in New York following acquisition
** New York approval comes roughly 12 months after WU unveiled $500 million all-cash deal for IMXI
** Meanwhile, California Department of Financial Protection and Innovation suspended an approval extension as it needs to further review impact of proposal 
** One step forward, one step back - William Blair analyst Cristopher Kennedy
** As of last close, IMXI stock down 23.8% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))