International Money Express (IMXI) Shareholders Approve Western Union Deal

International Money Express Inc. (NASDAQ:IMXI) is simply a Florida-based remittance services company. 2025 has been an absorbing twelvemonth for the steadfast arsenic it is presently successful the process of being acquired by remittances elephantine Western Union. On this front, International Money Express Inc. (NASDAQ:IMXI)made a cardinal announcement connected December 9th erstwhile it revealed that its shareholders had approved the deal. As per the details, 71.5% of the shareholders were contiguous during the meeting, and astir each of them voted successful favour of the deal.

The deal, done which International Money Express Inc. (NASDAQ:IMXI) volition merge with a wholly-owned Western Union subsidiary, was announced connected August 10th. It volition spot the acquirer wage $16 per stock for a full worth of $500 million. International Money Express Inc. (NASDAQ:IMXI) calls its level remittance-as-a-service (RaaS). The level enables businesses to integrate remittances into their operating models for improved lawsuit experiences. The firm’s shares jumped by 59% connected the time its woody with Western Union was announced. International Money Express Inc. (NASDAQ:IMXI), which chiefly provides services successful Latin America and the Caribbean, besides shared connected November 20th that it had partnered with Canadian wealth services supplier Orbit Money Transfer. Through the deal, the Canadian firm’s customers volition beryllium capable to link with International Money Express Inc. (NASDAQ:IMXI)’s network.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.