Western Union and Intermex Provide an Update on Pending Acquisition of Intermex

The Western Union Company and International Money Express, Inc. have provided an update on their pending acquisition, which was announced in January 2022. According to the update, the companies are working diligently to complete the transaction, which is subject to customary closing conditions, including regulatory approvals. The acquisition is expected to strengthen Western Union's position in the global remittance market, particularly in the United States and Latin America. The combined entity will have a strong presence in the money transfer industry, with a wide range of services and a large customer base. Upon completion of the acquisition, Western Union will be able to leverage Intermex's digital capabilities to enhance its own services and improve the customer experience. The transaction is expected to be completed in the second half of 2023, subject to the satisfaction of the customary closing conditions.