AcquisitionsAug 14, 2026, 12:10 AM
Intermex Acquisition: CA Approval Suspended, NY Approved
AI Summary
International Money Express, Inc. (Intermex) and The Western Union Company announced mixed regulatory updates for their pending acquisition. They received approval from the New York State Department of Financial Services (NYDFS). However, the California Department of Financial Protection and Innovation (DFPI) suspended its previously granted approval extension, citing a need for further review and to examine the transaction's impact on California operations. Both companies expressed their commitment to the transaction and intend to work with the DFPI to reinstate the approval.
Key Highlights
- Western Union and Intermex received regulatory approval from the New York State Department of Financial Services (NYDFS).
- The California Department of Financial Protection and Innovation (DFPI) suspended the previously granted approval extension.
- DFPI cited a need to further review the transaction due to the intervening six months since original approval.
- DFPI also wants to examine the proposal's impact on operations in California.
- Western Union and Intermex plan to engage with DFPI to address questions and seek reinstatement of approval.
- Both companies remain committed to completing the acquisition after DFPI approval reinstatement.
Price Impact
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