Western Union Announces Termination of Agreement to Acquire Intermex
Business Wire•10/11/2026•23:45 ET
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Key Highlights
- ➤Western Union (WU) terminates Intermex (IMXI) acquisition agreement
- ➤California DFPI imposed unacceptable conditions requiring material business-model changes
- ➤Western Union received approvals from 54 jurisdictions except California
- ➤No termination payment required from either Western Union or Intermex
Expert Statements
Devin McGranahan, President and Chief Executive Officer of Western Union
“We appreciate the significant effort of the teams at Western Union and Intermex who worked diligently for over a year to pursue the transaction.”
Devin McGranahan, President and Chief Executive Officer of Western Union
“While we are disappointed that we were unable to complete the acquisition on terms that were acceptable to Western Union, we believe this course of action is in the best interests of the company and its shareholders.”
Devin McGranahan, President and Chief Executive Officer of Western Union
“We remain focused on executing our strategy and delivering long-term value for our customers, shareholders and other stakeholders.”
Western Union Announces Termination of Agreement to Acquire Intermex
The Western Union Company (“Western Union”) (NYSE: WU) today announced that it has delivered a notice of termination of its agreement to acquire International Money Express, Inc. (“Intermex”) (NASDAQ: IMXI).
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