$16 a share. That's the cash price Western Union agreed to pay for Intermex, and with IMXI quoted at $7.00 pre-market on Nov.

$16 a share. That's the cash price Western Union agreed to pay for Intermex, and with IMXI quoted at $7.00 pre-market on Nov. 11, the gap between those two numbers is the market's read on whether Intermex can make the deal stick.

• Western Union announced on Nov. 10 that it delivered notice terminating the agreement after California's DFPI issued final conditional approval. WU says those conditions would require material changes to its business model and agent relationships, and that no termination payment is due from either side.
• On Nov. 11, Intermex rejected the termination, said it met its obligations, demanded WU take steps to complete the merger, and reserved rights including specific performance and damages. No lawsuit has been filed yet.
• The agreement's outside date was Nov. 10, 2026, the same day WU sent notice. How that deadline and the closing conditions are worded is where this gets decided.
• IMXI closed Nov. 10 at $6.495, down 14.2%. One early Nov. 11 pre-market report had it at $5.26, then it was quoted at $7.00, up 7.78%. WU was up 2.38% pre-market at $7.10.

So the market is pricing a long shot. I'd want to read the termination language before I treated $7 vs $16 as a bargain or a trap, and I could be wrong either way until Intermex actually files.

Sources:
https://www.businesswire.com/news/home/20261110492943/en/
https://finance.yahoo.com/markets/stocks/articles/intermex-rejects-western-union-purported-113000698.html

Source:
GlobeNewswire: https://www.globenewswire.com/news-release/2026/11/11/3400552/0/en/intermex-rejects-western-union-s-purported-termination-of-merger-agreement.html

Not financial advice. For informational and educational purposes only.