Western Union has terminated its agreement to acquire International Money Express, the remittance company said on 10 November 2026, after California's Department of Financial Protection & Innovation delivered final conditions of approval it found unacceptable.
Why The Western Union Company is buying International Money Express, Inc. (Intermex)
Western Union agreed in August 2025 to buy Intermex, which focuses on money transfers to Mexico and Central America, for US$16.00 a share in cash, targeting about US$30m of annual cost savings.
“While we are disappointed that we were unable to complete the acquisition on terms that were acceptable to Western Union, we believe this course of action is in the best interests of the company and its shareholders.”
Deal terms and financing
Under the merger agreement, neither Western Union nor Intermex is required to make any payment to the other in connection with the termination.
Regulatory approvals and timing
The DFPI approved the deal on 11 February 2026 and granted extensions on 17 April and 31 July, then withdrew its approval 13 days later. Western Union said it had obtained approvals from every other jurisdiction, including US merger clearance and UK and Spanish change-of-control filings, before the DFPI issued final conditions on the evening of 10 November.
Market context
Intermex shares fell sharply on the news. The collapse leaves Western Union without the deal it had pitched as a way to strengthen its retail remittance network in the US–Latin America corridor.
