Regulatory approval from New York pushes International Money Express stock higher as California review remains pending.
International Money Express (IMXI) shares jumped 23% in pre-market trading after New York regulators approved its acquisition by Western Union. The deal still requires California’s reinstated approval, which is currently suspended for further review.
New York’s clearance marks a key milestone, following earlier approval from California that was later paused. Both companies have reaffirmed their commitment to closing the transaction once all regulatory hurdles are resolved.
The stock surge reflects investor optimism about the deal’s progress, though final completion hinges on California’s review outcome.