~$500MreportedStrategic acquisitionFinancial ServicesTerminated
Western Union terminates its deal to acquire Intermex
Western Union (NYSE: WU) has delivered a notice terminating its agreement to acquire International Money Express (NASDAQ: IMXI). The company said it had worked with Intermex and regulators to secure the approvals needed to close, but the parties were unable to obtain an acceptable outcome.
Why it matters: Regulatory hurdles have killed a consolidation play in cross-border money transfers, leaving Intermex independent.
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