India, Nov. 11 -- International Money Express, Inc. (IMXI), a money transfer services provider known as Intermex, said Wednesday that it received a notice from The Western Union Company (WU) seeking to terminate their agreement for the proposed acquisition of Intermex.
The move followed Western Union's receipt of conditional approval for the acquisition from the California Department of Financial Protection and Innovation (DFPI) on November 10, 2026.
Western Union said the DFPI's final approval conditions were unacceptable, as they would require significant changes to its business model, agent relationships and long-term strategy.
Intermex rejected Western Union's decision and demanded that it take all necessary steps to complete the acq...