Western Union ends Intermex deal over California terms

Available on EDGAR 11/12/2026 - 08:05 AM EST Accepted by SEC EDGAR 11/12/2026 - 08:05 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Western Union (WU) terminated its agreement to acquire International Money Express (Intermex); the termination became effective at 12:00 a.m. Eastern time on November 12, 2026. Western Union said California’s Department of Financial Protection and Innovation delivered final Conditions of Approval it viewed as unacceptable and that would have required material changes to its business model, agent relationships and long-term strategy.

Neither party owes the other a termination fee, and each remains responsible for its own fees and expenses related to the transaction. Western Union said it had received approvals from every other jurisdiction, covering 54 states, territories and foreign countries, with California the exception.

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0 major · 1 point

How the balance works

Positive

• None.

Negative

• Moderate pointIntermex acquisition ended effective November 12, 2026.

Filing Explained

The termination is effective, but IMXI disputes its validity, asserting Western Union failed to use reasonable best efforts to obtain California approval and threatening litigation; Western Union disagrees and says it will defend any suit, leaving the contractual dispute unresolved.

8-K Event Classification

4 items: 1.02, 7.01, 8.01, 9.01

4 items

Item 1.02 Termination of a Material Definitive Agreement Business

A significant contract was terminated, which may affect business operations or revenue.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Merger agreement date: August 10, 2025 Termination effective: 12:00 a.m. Eastern time on November 12, 2026 Approvals outside California: 54 states, territories and foreign countries +1 more

4 metrics

Merger agreement date August 10, 2025 Agreement to acquire International Money Express

Termination effective 12:00 a.m. Eastern time on November 12, 2026 Termination of the merger agreement

Approvals outside California 54 states, territories and foreign countries Western Union said it received approvals from every other jurisdiction

Initial California approval February 11, 2026 California granted the initial request for approval

Key Terms

Outside Date, Conditions of Approval, change of control filings, merger clearance

4 terms

Outside Date technical

"on or before November 10, 2026 (the “Outside Date”)"

An outside date is the final contractual deadline by which a planned deal—such as a merger, acquisition, or financing—must be completed; if the transaction hasn’t closed by that date, parties typically gain the right to walk away or trigger agreed remedies. It matters to investors because it sets a clear timetable for when uncertainty should end, and approaching or missing the outside date can raise the chance of deal failure, renegotiation, or changes to valuation.

Conditions of Approval regulatory

"delivered final Conditions of Approval"

change of control filings regulatory

"change of control filings in U.K. and Spain"

Filings made with securities regulators, stock exchanges, or disclosed under contracts when a transaction or event will, or could, transfer controlling ownership or voting power in a company. These filings identify the parties and terms of the proposed change (for example an acquisition, merger, tender offer or sale of substantially all assets), notify shareholders and regulators, and may include required documents such as change-of-control notices, Form 8‑K or merger proxy statements, Schedule 13D/G, tender-offer materials or other jurisdiction-specific disclosures; exact filing requirements and triggers depend on applicable securities laws, exchange rules and contractual provisions.

merger clearance regulatory

"including merger clearance in the U.S."

Merger clearance is the official permission from government regulators that a proposed combination of two companies can go ahead, often after a review to ensure customers won’t be harmed by reduced competition. For investors it matters because clearance is a key condition for a deal to close; a denial or costly changes can delay, reduce or kill expected value from the transaction—like a traffic light deciding whether a planned move can proceed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did WU terminate its Intermex acquisition?

Western Union said California’s Department of Financial Protection and Innovation delivered final Conditions of Approval that would have required material changes to its business model, agent relationships and long-term strategy. Western Union said it viewed the conditions as unacceptable and not in the best interests of the company, its agents or shareholders.

When did WU’s Intermex deal termination take effect, and is a fee payable?

The termination became effective at 12:00 a.m. Eastern time on November 12, 2026. Neither Western Union nor Intermex owes the other a termination fee, and each party remains responsible for its own fees and expenses related to the agreement and transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Western Union CO false 0001365135 0001365135 2026-11-10 2026-11-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 10, 2026

THE WESTERN UNION COMPANY

(Exact name of Registrant as Specified in Its Charter)

Delaware		001-32903		20-4531180
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

7001 East Belleview Avenue
Denver, Colorado				80237
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 866 405-5012

(Former Name or Former Address, if Changed Since Last Report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 Par Value		WU		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.02. Termination of a Material Definitive Agreement.

As previously announced, on August 10, 2025, The Western Union Company, a Delaware corporation (the “Company” or “Western Union”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, International Money Express, Inc., a Delaware corporation (“IMXI”), and Ivey Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“Merger Sub”), providing for, on the terms and subject to the conditions set forth therein, the merger of Merger Sub with and into IMXI (the “Merger”), with IMXI continuing as the surviving corporation in the Merger and becoming a wholly owned subsidiary of the Company. Other material terms of the Merger Agreement were set forth in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 14, 2025.

Pursuant to the Merger Agreement, because the Merger was not consummated on or before November 10, 2026 (the “Outside Date”), each of the Company and IMXI had the right to terminate the Merger Agreement by providing written notice to the other party. On the evening of November 10, 2026, California’s Department of Financial Protection and Innovation (the “DFPI”) delivered unacceptable final Conditions of Approval that would have required material changes to the Company’s business model, agent relationships, and long-term business strategy, which Western Union was not required to accept under the terms of the Merger Agreement. Western Union viewed these conditions as substantial and not in the best interests of Western Union, its agents, or its shareholders.

Following receipt of the DFPI’s final Conditions of Approval, also on the evening of November 10, 2026, in accordance with the Merger Agreement, the Company delivered a notice of termination of the Merger Agreement to IMXI. Because termination becomes effective on the first business day following delivery of notice, the termination of the Merger Agreement became effective at 12:00 a.m. Eastern time on November 12, 2026. No termination fee is payable by either party to the other under the Merger Agreement in connection with the termination, and each party remains responsible for its own fees and expenses incurred in connection with the Merger Agreement and the transactions contemplated thereby.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions of the full text of the Merger Agreement, which was previously filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on August 14, 2025, and is incorporated by reference herein.

Item 7.01. Regulation FD Disclosure.

On November 10, 2026, the Company issued a press release regarding its delivery of the notice of termination of the Merger Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference to such filing.

Item 8.01. Other Events.

On the evening of November 10, 2026, the Company received a response to its notice of termination from IMXI’s legal counsel, which asserted that the Company’s termination notice was invalid because the Company purportedly did not use reasonable best efforts to obtain approval from the DFPI under the Merger Agreement. The response letter also threatened legal action in the event that the Company did not consummate the Merger. On the morning of November 11, 2026, IMXI issued a press release reiterating this threat to pursue litigation. Western Union disagrees with the assertions in IMXI’s letter and the statements in IMXI’s press release and intends to vigorously defend any such lawsuit.

Forward-Looking Statements

This Current Report on Form 8-K contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, these forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” “pending,” “working to,” “subject to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this Current Report on Form 8-K should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in subsequent filings with the SEC made by the Company. The statements are only as of the date they are made, and the Company disclaims any obligation to update any forward-looking statement. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and depend upon future circumstances that may or may not occur, such as potential litigation with IMXI regarding the validity of the Company’s termination of the Merger Agreement. These and other forward-looking statements, as well as any related oral statements, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to, factors relating to factors relating to the Company’s decision to terminate the Merger Agreement and other risks and uncertainties pertaining to the Company’s business, including those set forth in its most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q, as such risk factors may be amended, supplemented, or superseded from time to time by other reports filed or furnished with the SEC.

Item 9.01. Financial Statements and Exhibits.

Exhibit Number		Description of Exhibit
99.1		Press release issued by The Western Union Company on November 10, 2026
101		Inline XBRL Document Set for the Cover Page from this Current Report on Form 8-K, formatted as Inline XBRL
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 12, 2026				THE WESTERN UNION COMPANY
				By:		/s/ Lisa A. Atkins
				Name:		Lisa A. Atkins
				Title:		Corporate Secretary

Exhibit 99.1

Western Union Announces Termination of Agreement to Acquire Intermex

DENVER, November 10, 2026 – The Western Union Company (“Western Union”) (NYSE: WU) today announced that it has delivered a notice of termination of its agreement to acquire International Money Express, Inc. (“Intermex”) (NASDAQ: IMXI).

Since entering into the Merger Agreement, Western Union has worked diligently with Intermex and the relevant regulatory authorities to obtain the approvals necessary to complete the transaction. Despite these efforts, the parties were unable to obtain an acceptable approval. Instead, on the evening of November 10, 2026, California’s Department of Financial Protection & Innovation (DFPI) delivered unacceptable final Conditions of Approval that would have required material changes to Western Union’s business model, its agent relationships and execution of its long-term business strategy. Western Union viewed these conditions as substantial and not in the best interests of Western Union, its agents or its shareholders.

Western Union is committed to maintaining robust compliance programs and meeting its regulatory obligations globally, while advancing its longstanding mission of making financial services accessible to people everywhere. California did not identify any failure of Western Union to comply with legal requirements related to the prevention of fraud and scams, money laundering, or providing fair and competitive access for customers. Additionally, Western Union has been and continues to be in compliance with our consent order with the Federal Trade Commission.

The company has long been regulated by DFPI and values its strong relationship with the department. As background, California granted the initial request for approval on February 11, 2026, without the unacceptable conditions. DFPI then granted the request to extend on April 17, 2026, and July 31, 2026. Thirteen days after granting the second extension request, DFPI withdrew its previously granted approval, notwithstanding any meaningful change in the company’s business or operations. Western Union had received approvals from every other jurisdiction, with the exception of California. This included 54 states, territories and foreign countries, including merger clearance in the U.S., as well as change of control filings in U.K. and Spain.

In light of DFPI’s unacceptable conditions and following a thorough review of the transaction with legal and financial advisors and management, Western Union’s Board of Directors has determined to terminate the Merger Agreement. Under the terms of the Merger Agreement, neither Western Union nor Intermex is required to make any payment to the other in connection with the termination.

“We appreciate the significant effort of the teams at Western Union and Intermex who worked diligently for over a year to pursue the transaction,” said Devin McGranahan, President and Chief Executive Officer of Western Union. “While we are disappointed that we were unable to complete the acquisition on terms that were acceptable to Western Union, we believe this course of action is in the best interests of the company and its shareholders. We remain focused on executing our strategy and delivering long-term value for our customers, shareholders and other stakeholders.”

About Western Union

The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Western Union’s leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments - across more than 200 countries and territories and nearly 130 currencies - to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Western Union’s goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

Western Union Contacts:

Investor Relations:

Tom Hadley

WesternUnion.IR@westernunion.com

Media Relations:

Amanda Demarest

media@westernunion.com

Safe Harbor Compliance Statement for Forward-Looking Statements

This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, these forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of Western Union should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section of our Annual Report on Form 10-K for the year ended December 31, 2025 and in our subsequent filings with the Securities and Exchange Commission (the “SEC”). The statements are only as of the date they are made, and Western Union disclaims any obligation to update any forward-looking statement. By their nature, forward-looking statements address matters that involve risks and uncertainties because they relate to events and depend upon future circumstances that may or may not occur. These and other forward-looking statements, as well as any related oral statements, are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to, factors relating to Western Union’s decision to terminate the Merger Agreement and the risks and uncertainties pertaining to Western Union’s business, including those set forth in its most recent Annual Report on Form 10-K and its subsequent filings with the SEC, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed or furnished with the SEC.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 9.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 10.6 KB