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IMXI

IMXI
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LongbridgeAI

Intermex drops for a 3rd day; Citi says Western Union wants deal to get done

businessinsider
Sep 24, 2026 at 07:44 PM

Intermex (IMXI) shares dropped 8% for a third consecutive day, trading around $10.60, as investors worry about the closure of its $500 million acquisition by Western Union. Citigroup analyst Bryan Keane noted that Citi moved the deal's close date to November 10 due to ongoing California regulatory review. Despite lower-than-expected standalone performance for Intermex, synergy potential supports the deal economics. However, increased uncertainty led Keane to lower his price target on Western Union to $6.

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