IMXI
Western Union and Intermex Update on Pending Acquisition
Western Union and Intermex announced that they have received regulatory approval from the New York State Department of Financial Services for Western Union's pending acquisition of Intermex. However, the California Department of Financial Protection and Innovation has suspended its previously granted approval extension, citing a need to further review the transaction and its impact on operations in the state. Western Union and Intermex intend to engage promptly with the California regulator to address its questions and seek reinstatement of the approval. The companies remain committed to completing the transaction and plan to close promptly after reinstatement, subject to remaining customary closing conditions.