Western Union terminates agreement to acquire International Money Express, Intermex, after the parties failed to obtain acceptable regulatory approval in California.
According to Western Union, the state’s final conditions would have required significant changes to the company’s business model, agent relationships and long-term strategy. The deal had been approved in all other relevant jurisdictions, a total of 54 states, territories and countries.
Neither company is required to pay compensation to the other as a result of the agreement being terminated.
