Miami, November 11 (Reuters) – International Money Express, Inc. (Nasdaq ticker: IMXI, hereinafter referred to as “Intermex”) announced that The Western Union Company (New York Stock Exchange ticker: WU, hereinafter referred to as “Western Union”) delivered a notice to Intermex the night before, claiming to terminate the pending merger and acquisition agreement between the two companies.
Intermex indicates that Western Union made a decision to terminate the merger due to receiving conditional approval for the acquisition from the California Department of Financial Protection and Innovation on November 10, 2026.
According to Intermex, through its lawyers, it has responded to Western Union by rejecting their so-called termination of the merger and acquisition agreement, and has demanded that Western Union take all necessary actions to complete this transaction.
Intermex indicates that the company is still committed to completing this merger and acquisition, has fulfilled all obligations under the merger agreement, and is ready to complete the transaction. Intermex states that it will actively seek remedies and reserves all its rights under the merger agreement and in other aspects, including but not limited to the right to demand compulsory fulfillment and to hold Western Union liable for significant damages.
About Intermex
Intermex was established in 1994, helping consumers remit money to over 60 countries from the United States, Canada, Spain, Italy, and Germany. Intermex provides digital remittance services through agent retailers, company-owned outlets, mobile applications, and its website. Transactions are completed through thousands of retail and banking outlets around the world. Intermex is headquartered in Miami, Florida, and has international offices in Puebla, Mexico, Guatemala City, Guatemala, and Madrid, Spain. For more information, please visit www.intermexonline.com.
Intermex Contact Information:
Investor Relations
Alex Sadowskiir @ intermexusa.comForward-looking Statements Safety Harbor Statement
Certain statements in this communication may constitute forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Except for historical fact statements, all statements contained or incorporated herein are forward-looking statements. Words such as “expected,” “anticipated,” “should,” “believed,” “target,” “continue,” “plan,” “opportunity,” “estimate,” “potential,” “predict,” “indicate,” “may,” “will,” “can,” “intend,” “shall,” “possible,” “forecast,” “trend,” “assume,” “probably,” “about,” “possible,” “outlook,” “schedule,” “pipeline,” “anticipate,” “intend,” “perhaps,” “assume,” “estimate,” “approximately,” “should,” “our planning assumptions,” “future outlook,” “current,” “target,” “guideline,” and their variations, or negative forms of these words and similar expressions, are intended to identify such forward-looking statements. However, the absence of these words does not mean that the relevant statements are not forward-looking. These forward-looking statements do not guarantee future performance, conditions, or results. Forward-looking statements are subject to various risks and uncertainties, many of which are beyond the company's control.These factors and circumstances include, but are not limited to: (i) whether the proposed transaction can be completed in accordance with the expected terms and timing, or whether it can be completed at all, including obtaining regulatory approval and meeting other conditions for the completion of the transaction, as well as whether any disputes arising from the so-called termination of Western Union can be resolved; (ii) whether any events, changes, or other circumstances or conditions may occur that could lead to the termination of the merger and acquisition agreement, including the so-called termination notice dated November 10, 2026; (iii) potential significant transaction costs related to the proposed transaction; (iv) potential litigation or regulatory actions related to the proposed transaction; (v) the risk that disruptions caused by the proposed transaction may harm the company's business, including its current plans and operations, as well as the risk that management's attention may be distracted from its daily business and relationships; (vi) the company's ability to retain and recruit key personnel; (vii) potential adverse business uncertainties arising from the announcement, continuation, or completion of the proposed transaction, including restrictions that may affect the company's ability to pursue certain business opportunities or strategic transactions during the duration of the transaction; (viii) the failure to obtain regulatory approval for the transaction; and (ix) other risks and uncertainties described in the company's most recently filed 10-K annual reports, 10-Q quarterly reports, and other documents submitted or to be submitted from time to time to the U.S. Securities and Exchange Commission. The forward-looking statements in this communication are based on the company's current expectations and beliefs regarding future developments and their potential impacts. If the assumptions on which the forward-looking statements are based prove to be inaccurate, or if known or unknown risks or uncertainties materialize, actual results may differ significantly from those expected, estimated, or predicted.The forward-looking statements in this communication are made as of the date of issuance of this communication. Except as required by law, Intermex assumes no intention or obligation to update or revise any forward-looking statements due to new information, future events, or other reasons. Readers are advised not to rely excessively on these forward-looking statements.
