Intermex and Western Union File Premerger Notification with the FTC
International Money Express (IMXI) and Western Union (WU) have submitted a premerger notification to both the Federal Trade Commission (FTC) and Department of Justice (DOJ). The filing was made on Friday, just before the Hart-Scott-Rodino (HSR) clearance expiration date set for Tuesday. This step is necessary under U.S. antitrust law to proceed with their proposed merger. The HSR Act requires companies meeting certain size thresholds to notify federal authorities and wait a specified period before completing mergers or acquisitions, allowing regulators time to assess potential anti-competitive effects. The filing indicates the deal has reached an advanced stage but still needs regulatory approval for finalization.
