Intermex falls for a third day as investors wait for a Western Union deal update

International Money Express (IMXI) shares fell 5.2%, marking a third consecutive daily decline, as investors await updates on its $500 million acquisition by Western Union. The stock has dropped 11% this week, trading at its lowest level since mid-August. This decline coincides with news that California regulators suspended an approval extension for the deal. While Western Union reportedly held investor meetings, both companies declined to comment immediately.

Source: businessinsider The copyright of this article belongs to the original author/organization.

The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.