💸A $500M money-transfer merger just got announced: @WesternUnion will acquire @IntermexWire, a company specializing in money transfers to Latin America and the Caribbean, in an all-cash transaction valued at approximately $500 million. The acquisition price is $16 per share, representing a premium of over 70% compared to Intermex’s previous closing price of $9.28. Strategic Implications •Western Union expects the deal to enhance its adjusted earnings per share (EPS) by more than $0.10 within the first full year after completion. •The acquisition is aimed at strengthening Western Union’s footprint in the high-growth Latin American market, where Intermex has a strong presence. •The move will also broaden Western Union’s North American retail presence and diversify its operational model beyond its traditional focus. Contextual Background •Intermex recently suspended issuing quarterly guidance and revised its annual profit and revenue forecasts downwards, citing economic uncertainty.