Western Union Terminates $500 Million Acquisition Agreement with Intermex
Western Union (WU) has officially terminated its agreement to acquire International Money Express (IMXI) for $500 million. The termination occurred late Tuesday following the expiration of a deadline that allowed either party to withdraw if the transaction was not finalized. Following the announcement, Intermex shares saw a 4% increase in premarket trading. Despite Western Union's move to end the deal, Intermex has issued a statement suggesting the situation may not be as definitive as reported.
Topics: acquisition termination stock price movement
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Part of the story Western Union Receives Conditional Approval for Intermex Acquisition in California (4 articles)