The Western Union Company and International Money Express, Inc. (Intermex) provided an update regarding regulatory approvals for Western Union’s pending acquisition of Intermex.
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Western Union and Intermex announced that the parties have received regulatory approval from the New York State Department of Financial Services (the “NYDFS”) for Western Union’s pending acquisition of Intermex. In connection with the approval, Western Union made certain commitments to the NYDFS with respect to remittance services and locations in New York following the acquisition.
Also on August 13, 2026, Western Union and Intermex received a letter dated August 13, 2026 from the California Department of Financial Protection and Innovation (the “DFPI”) suspending the approval extension previously granted on July 31, 2026 for Western Union’s pending acquisition of Intermex. In its letter, the DFPI stated that the suspension is “based on a need to further review the transaction as a result of the intervening six months since approval was originally granted, and to further examine the impact of the proposal on operations in this state.” Western Union and Intermex intend to engage promptly with the DFPI to address its questions and to seek reinstatement of the approval as soon as practicable.
Western Union and Intermex remain committed to completing the transaction and intend to close promptly after the reinstatement of the DFPI approval, subject to satisfaction or waiver of remaining customary closing conditions.
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