India, Aug. 10 -- The Western Union Co. (WU) agreed to acquire International Money Express Inc. (IMXI) or Intermex for $16.00 per share in cash, representing approximately $500 million in equity and enterprise value. This reflects a roughly 50% premium to its 90-day volume-weighted average price.
The Western Union expects that the acquisition will be immediately accretive to its adjusted earnings per share by more than $0.10 in the first full year post close and to generate approximately $30 million in annual run-rate cost synergies within the first 24 months, with potential further upside from revenue synergies by integrating Intermex's capabilities into Western Unions partner and customer network.
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