Western Union to buy International Money Express in $500M deal

3 hours ago 1
Western Union New York City

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Western Union (NYSE:WU) said Sunday it agreed to acquire International Money Express (NASDAQ:IMXI) for $16/share in cash, representing a total enterprise value of ~$500M and a ~50% premium to Intermex's 90-day volume-weighted average price.

Western Union (NYSE:WU) said the deal

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