Company: IMXI
Filing Date: 2025-10-21
Form Type: PREM14A
Source: 0001140361-25-038818
Chunk: 81

Company: International Money Express, Inc.
Filing Date: 2025-10-21
Form: PREM14A
Chunk 81
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-shop and fiduciary out provisions and a termination fee payable by Intermex under certain circumstances equal to 2.75% of Intermex’s fully diluted equity value implied by the deal price. The draft also allocated antitrust approval risk to Western Union through a reverse termination fee (as proposed by Western Union in the comments to the Merger Agreement provided by Sidley on July 21, 2025) payable by Western Union in the event of the existence of a Restraint related to any antitrust law equal to 8.0% of Intermex’s fully diluted equity value implied by the deal price.

On July 30, 2025, Mr. Lisy and Mr. McGranahan conducted a call during which Mr. McGranahan indicated Western Union’s commitment to move quickly, as well as outlined ideas regarding the integral role that Intermex and its leadership would play if acquired by Western Union and, accordingly, the need to ensure retention of the Intermex management team (including Mr. Lisy) during, until and following the closing of the Merger.

Also on July 30, 2025, representatives of Sidley and representatives of H&K conducted a telephonic meeting during which certain key issues with respect to the Merger Agreement were discussed, as well as the need for Sidley to respond quickly with its mark-up of the draft Merger Agreement provided by H&K.

Later that day, representatives of Party B’s counsel and representatives of H&K conducted a telephonic meeting during which a number of open issues with respect to the Party B Merger Agreement were discussed, including the insistence of Intermex that Party B accept an antitrust reverse termination fee; however, none of such issues were resolved.

On July 31, 2025, members of the Strategic Alternatives Committee attended a regularly scheduled check-in call with Intermex management and representatives of FTP, H&K, Cravath and Lazard to discuss an update on the respective bids from Western Union and Party B, including positive communications with Western Union, its financial advisors and Sidley. Management also discussed with the Strategic Alternatives Committee the communications from Western Union regarding Western Union’s interest in retaining key management of the Company, including Mr. Lisy. Representatives of FTP reported on a call from the prior evening with representatives of Party B’s financial advisor, during which Party B’s financial advisor had indicated that Party B was unwilling to continue with a potential acquisition of Intermex except at a materially