Intermex and Western Union submit pre‑merger notification to FTC and DOJ
Intermex (IMXI) and Western Union (WU) filed a pre‑merger notification with the Federal Trade Commission and the Department of Justice, initiating the mandatory 30‑day waiting period. The filing was made on a Friday and the existing Hart‑Scott‑Rodino clearance is scheduled to expire on the following Tuesday. The companies are also pursuing early termination of the waiting period and are in discussions with California’s Department of Financial Protection and Innovation to reinstate approval.
Why it matters
The filing triggers a 30‑day waiting period that could postpone the completion of the transaction, affecting investors’ expectations for the combined entity. The firms’ request for early termination and ongoing regulatory talks suggest they aim to minimize the delay, but the outcome remains uncertain.
Key facts
- 1Intermex and Western Union filed a pre‑merger notification with the FTC and DOJ. tradingview.com
- 2The filing starts a 30‑day waiting period. tradingview.com
- 3The Hart‑Scott‑Rodino clearance is set to expire on Tuesday. tradingview.com
- 4The companies seek early termination of the waiting period. tradingview.com
- 5They continue talks with California’s DFPI for approval reinstatement. tradingview.com
- 6The filing was submitted on Friday. seekingalpha.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.