International Money Express (IMXI) Proxy Filing summary
Event summary combining transcript, slides, and related documents.
Proxy Filing summary
1 Dec, 2025Executive summary
Western Union will acquire International Money Express, Inc. (Intermex) for $16.00 per share in cash, valuing the deal at approximately $500 million, a 50% premium to Intermex’s 90-day average price.
The acquisition aims to strengthen Western Union’s North America retail presence, expand Intermex’s reach beyond Latin America, and accelerate digital customer acquisition.
The transaction is expected to close in the second half of 2026, subject to regulatory and shareholder approvals, and is anticipated to be immediately accretive to adjusted EPS by over $0.10 in the first full year post-close.
Annual run-rate cost synergies of $30 million are expected within 24 months, with further upside from revenue synergies.
Voting matters and shareholder proposals
Intermex’s Board, following the unanimous recommendation of its independent Strategic Alternatives Committee, unanimously approved the merger and recommends shareholders vote in favor.
The merger requires approval by Intermex’s stockholders and is subject to customary closing conditions, including regulatory clearances.
Board of directors and corporate governance
The Strategic Alternatives Committee, composed of independent directors, was established to evaluate the merger and made a unanimous recommendation to the Board.
At closing, directors of the acquiring subsidiary will become directors of the surviving corporation.
Latest events from International Money Express
- Q2 2026 saw sharp declines in revenue and net income, with a $16/share merger pending.IMXI
Q2 2026 - Q1 2026 saw steep declines in revenue and profit, with the Western Union merger nearing completion.IMXI
Q1 2026 - Revenue and net income declined sharply in 2025, with a pending Western Union merger in Q2 2026.IMXI
Q4 2025 - Shareholders will vote on directors, auditor, executive pay, and a major equity plan amendment.IMXI
Proxy Filing - Shareholders to vote on $16.00 per share cash merger with Western Union, with board support.IMXI
Proxy Filing - Q3 net income up 16.9%, digital surges, UK expansion, and strategic review underway.IMXI
Q3 2024 - Record Q2 revenue, digital surge, and share buybacks offset net income decline from restructuring.IMXI
Q2 2024 - Digital and retail growth, tech investment, and new services target $800M+ revenue by 2027.IMXI
Investor Day 2025 - Digital surged 71.7% in Q4 as EPS rose 10% and strategic review was suspended.IMXI
Q4 2024