MergerAug 10, 2026, 04:10 PM
International Money Express Merger with Western Union Progresses
AI Summary
International Money Express, Inc. reported that its merger with The Western Union Company, where shareholders will receive $16.00 per share in cash, is progressing with HSR clearance and stockholder approval already obtained. The company anticipates closing the merger as soon as reasonably practicable. For the second quarter of 2026, the company experienced a decline in financial performance, with total revenues decreasing to $131.16 million and net income falling to $4.21 million compared to the prior year.
Key Highlights
- Merger with Western Union for $16.00 per share is progressing.
- HSR Act waiting period expired and stockholder approval received for the merger.
- Q2 2026 total revenues decreased to $131.16 million from $161.13 million YoY.
- Q2 2026 net income fell to $4.21 million from $11.01 million YoY.
- Q2 2026 basic EPS was $0.14, down from $0.37 YoY.
- Cash and cash equivalents were $150.64 million as of June 30, 2026.
- Net debt decreased to $113.81 million as of June 30, 2026.
Price Impact
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