Western Union Terminates Agreement to Acquire Intermex
Western Union (WU) has officially terminated its agreement to acquire International Money Express (IMXI). The decision came late Tuesday following the expiration of a deadline that allowed either party to withdraw from the transaction if it was not completed. Despite the termination, market reaction was unexpectedly positive for both entities. Intermex shares saw a 4% increase in premarket trading, while Western Union's stock rose by 2.3%, suggesting investor relief or reassessment of the strategic value of the deal.
Topics: deal termination merger failure stock price movement
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Part of the story Intermex Shares Plunge 14% as Western Union Deal Deadline Approaches (2 articles)