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via seekingalpha.comBusiness & Companies

Western Union purchase of Intermex gets conditional California approval

FROM THE WIRE · SEEKINGALPHA.COM

[Western Union New York City] wdstock/iStock Editorial via Getty Images Western Union's (WU [https://seekingalpha.com/symbol/WU]) planned purchase of International Money Express (IMXI [https://seekingalpha.com/symbol/IMXI]) received conditional approval from California's…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishCalifornia's approval is the last regulatory step needed to close the $16 per share acquisition.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The California regulator granted conditional approval to the merger.
  2. 02Conditions cover fraud prevention, competitive access and anti-money laundering.
  3. 03Western Union will acquire Intermex at $16 per share.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
International Money Express, Inc.IMXIStock6.50 USDMarket closedtoday -14.20%Positive The Western Union CompanyWUStock6.93 USDMarket closedtoday +1.17%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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