BUZZ-Intermex slides after suspending review of strategic alternatives

Shares of money transfer services provider International Money Express IMXI.O, better known as Intermex, down 11% at $16.32 premarket

IMXI says it has decided to suspend its previously announced assessment of strategic alternatives

Says review did not "result in a definitive offer at a price that offered a superior alternative to the long-term stockholder value potentially created by Intermex's current business model"

IMXI investors were hopeful review could result in buyout deal similar to one that rival money transfer co MoneyGram received in 2022, analysts had said

IMXI's Q4 revenue fell 4.1% to $164.8 million, hit by slowdown of overall remittance market growth in Latin America

Q4 adjusted EPS of 57 cents missed analysts' average estimate of 60 cents - data compiled by LSEG

IMXI's FY 2025 revenue and adjusted EPS forecasts also fell short of Wall Street expectations

IMXI stock down 12% YTD