Western Union Announces Merger with International Money Express to Expand Global Reach

Reuters08-14
Western Union Announces Merger with International Money Express to Expand Global Reach

The Western Union Company has announced a definitive agreement to acquire International Money Express, Inc. $(IMXI)$. According to the agreement, a wholly owned subsidiary of Western Union, Ivey Merger Sub, Inc., will merge with IMXI, resulting in IMXI becoming a wholly owned subsidiary of Western Union. Upon completion of the merger, IMXI's shares will be delisted from the Nasdaq Stock Market. The companies involved are working to fulfill the necessary conditions to finalize the transaction.

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