Overview

• Western Union will pay $16 per share for Intermex, valuing the deal at roughly $500 million, representing a premium of more than 70% to Intermex’s prior closing price.
• International Money Express shares surged about 54% in premarket trading, with Western Union stock gaining just over 1% following the announcement.
• The transaction is projected to add more than ten cents to adjusted earnings per share in the first full year after closing, with annual run-rate cost savings of about $30 million expected within two years.
• The acquisition aligns with Western Union’s efforts to expand its digital payments business after a second-quarter earnings miss with reported interest in offering stablecoin services.
• Approved by Western Union’s board of directors, the agreement awaits regulatory and Intermex board approvals, with no closing timeline disclosed.