Western Union May Seek Price Reduction in Potential Legal Dispute Over Terminated Intermex Acquisition
Analysts suggest that Western Union (WU) may attempt to negotiate a lower purchase price for International Money Express (IMXI) should legal proceedings arise following the termination of their $500 million acquisition agreement. The move comes as Intermex continues to pursue its position despite the deal's cancellation. The potential litigation stems from Western Union's decision to terminate the previously agreed-upon $16 per share buyout. If a lawsuit follows, the focus will likely center on whether the termination breached contractual obligations and if a revised valuation is necessary to settle the dispute.
Topics: acquisition termination legal dispute merger implications
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Part of the story Western Union Receives Conditional Approval for Intermex Acquisition in California (4 articles)