Intermex soars on Western Union's $500 million buyout deal

International Money Express IMXI.O shares, better known as Intermex, jump 56% to $14.49 premarket

Western Union WU.N will buy IMXI in a $500 million all-cash deal; WU up 1.4% at $8.15

WU offers $16 per IMXI share, 72.4% premium to Friday's close

Deal strengthens WU's U.S. retail presence, adds scale in high-growth Latin America geographies

IMXI had explored strategic alternatives last year, but suspended it in 2025

Valuation is well below other deals in fintech but likely reflects geopolitical challenges within U.S.–to–Latin America corridors, upcoming 1% tax on cash-based remittances, and continued uncertainties within the traditional retail channel - William Blair

YTD, as of last close, IMXI down 55.5% vs WU down 24%