Company: IMXI
Filing Date: 2025-10-21
Form Type: PREM14A
Source: 0001140361-25-038818
Chunk: 83

Company: International Money Express, Inc.
Filing Date: 2025-10-21
Form: PREM14A
Chunk 83
---
S
On August 3, 2025 and throughout the following week, Western Union continued to conduct extensive due diligence and representatives of Sidley and Western Union conducted numerous videoconferences with representatives of Intermex, H&K and FTP as part of such due diligence review.

During the week of August 4, 2025, Intermex management held daily telephonic meetings with Mr. Purcell, and representatives of FTP, Lazard, Cravath and H&K to discuss the status, progress and timing of the two active merger proposals, with a focus on Western Union’s proposal.

On August 4, 2025, H&K sent Sidley a draft of the Retention Bonus Program to be adopted by Intermex’s Board of Directors, and from August 4, 2025 until August 9, 2025, Intermex and Western Union, and their respective legal advisors, negotiated the final terms of the Retention Bonus Program.

On August 5, 2025, representatives of H&K and Sidley held a telephonic meeting to discuss certain key issues remaining open with respect to the draft of the Merger Agreement with a particular emphasis on the treatment of certain equity based awards at closing of the Merger, no-shop and fiduciary out covenants, regulatory approvals required for closing, termination fee provisions and the antitrust reverse termination fee to be payable by Western Union.

On August 6, 2025, Sidley sent to H&K a revised draft of the Merger Agreement. The revised draft, among other things, decreased the antitrust reverse termination fee payable by Western Union to 5.5% of Intermex’s fully diluted equity value implied by the deal price. From August 6, 2025 to August 9, 2025, H&K and Sidley exchanged multiple revised drafts of the Merger Agreement and Intermex and Western Union, along with their advisors, continued to negotiate and finalize the Merger Agreement.

Also on August 6, 2025, Mr. Lisy met with Mr. McGranahan at Intermex’s Miami headquarters along with Western Union’s Chief Financial Officer, Head of Business Development, Chief People Officer, Benefits Leader, and Southeast Regional Sales Leader to facilitate Western Union’s in person due diligence review.

Also on August 6, 2025, Party B’s counsel sent H&K purportedly final drafts of Party B’s debt commitment documents with respect to Party