Intermex is a cross-border money-transfer operator serving more than 60 countries, but its defining near-term story is now its pending sale to Western Union rather than standalone expansion. The transaction had already cleared most regulatory hurdles; this filing shows the remaining process has become more prolonged and conditional.
The deal now has to clear a second antitrust waiting period. Because the original HSR clearance expired after one year, Intermex and Western Union filed again on October 2, creating a new 30-day review period. 〔0〕 This is procedural rather than a new antitrust objection, but it still pushes closing beyond the previously contemplated timeline.
California remains the real unresolved risk. The DFPI suspended its approval in August and, based on discussions with the agency, the parties do not expect reinstatement before October 6. 〔1〕 The new HSR filing therefore does not materially de-risk the transaction: closing still depends on both the new federal waiting period ending and California reinstating its approval. 〔2〕
Bottom line: This is a necessary refiling, not progress toward a clean close. The merger remains alive, but the California regulatory hold and the reset antitrust clock make the closing path meaningfully less straightforward than the company’s “most approvals obtained” framing suggests.
Read the original 8-K on SEC EDGAR ↗