International Money Express (IMXI) Shareholders Approve Western Union Deal

We recently published 10 Best SaaS Stocks Trading at a Discount.  International Money Express Inc. (NASDAQ:IMXI) is one of the best Saas stocks trading at a discount.

International Money Express Inc. (NASDAQ:IMXI) is a Florida-based remittance services company. 2025 has been an interesting year for the firm as it is currently in the process of being acquired by remittances giant Western Union. On this front, International Money Express Inc. (NASDAQ:IMXI)made a key announcement on December 9th when it revealed that its shareholders had approved the deal. As per the details, 71.5% of the shareholders were present during the meeting, and nearly all of them voted in favor of the deal.

The deal, through which International Money Express Inc. (NASDAQ:IMXI) will merge with a wholly-owned Western Union subsidiary, was announced on August 10th. It will see the acquirer pay $16 per share for a total value of $500 million. International Money Express Inc. (NASDAQ:IMXI) calls its platform remittance-as-a-service (RaaS). The platform enables businesses to integrate remittances into their operating models for improved customer experiences. The firm’s shares jumped by 59% on the day its deal with Western Union was announced. International Money Express Inc. (NASDAQ:IMXI), which primarily provides services in Latin America and the Caribbean, also shared on November 20th that it had partnered with Canadian money services provider Orbit Money Transfer. Through the deal, the Canadian firm’s customers will be able to connect with International Money Express Inc. (NASDAQ:IMXI)’s network.

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Disclosure: None. This article is originally published at Insider Monkey.