International Money Express soars 56.25% on Western Union acquisition

On August 11, 2025, International Money Express soared 56.25% in pre-market trading, marking a significant surge in its stock price.

Western Union has announced its intention to acquire International Money Express, Inc. for $16 per share in an all-cash transaction. This acquisition is valued at approximately $500 million in total equity and enterprise value, reflecting a roughly 50% premium to its 90-day volume-weighted average price. The deal is expected to strengthen Western Union's retail offering in the US and expand its market coverage.

The acquisition is anticipated to be immediately accretive to Western Union's adjusted earnings per share by more than $0.10 in the first full year post-close. Additionally, it is projected to generate approximately $30 million in annual run-rate cost synergies within the first 24 months, with potential further upside from revenue synergies by integrating Intermex's capabilities into Western Union's partner and customer network.

Intermex's Board has unanimously approved the transaction and recommends that Intermex stockholders vote in favor of the merger. The transaction is expected to close in mid-2026.