The Last Hurdle in Western Union’s Intermex Deal – Merger Arbitrage Mondays

International Money Express, Inc. (IMXI): $14.51

Market Cap: $436.67 M

Deal Value: $500 M

After another week of slow progress in the M&A world, we decided to discuss an older deal with a somewhat attractive spread.

It’s the acquisition of International Money Express by Western Union (WU) for $500 million. Though it was a simple cash deal at $16 per share, the merger, which was announced a year ago, has gone through a lot of ups and downs.

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