Western Union Terminates $500 Million Acquisition of Intermex
Western Union has terminated its planned $500 million acquisition of International Money Express (Intermex), PYMNTS reported Nov. 11. California's Department of Financial Protection and Innovation granted conditional approval for the deal on Nov. 11, but the merger agreement's deadline passed on Nov. 10, and the two companies did not extend it. Western Union, headquartered in California's remittance market hub, had sought to expand its retail money-transfer network in Latin America and the Caribbean through Intermex. The companies said the termination was mutual and no breakup fee was payable. The collapse of the deal leaves Intermex to continue operating independently, while Western Union said it would keep pursuing growth in digital remittances.
Source: PYMNTS
Published by GSM · USA (original Chinese edition)
Photo: 图：西联汇款门店的街头招牌。Donald Trung Quoc Don 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: A Western Union storefront sign. By Donald Trung Quoc Don, CC BY-SA 4.0, via Wikimedia Commons.
