Company: IMXI
Filing Date: 2025-11-05
Form Type: DEFM14A
Source: 0001140361-25-040538
Chunk: 74

Company: International Money Express, Inc.
Filing Date: 2025-11-05
Form: DEFM14A
Chunk 74
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 of Cravath and Lazard to discuss the Party B and Western Union proposals, as well as the Moderate Case Management Forecasts and Lazard’s preliminary analysis regarding the standalone valuation of Intermex based on the Moderate Case Management Forecasts as instructed by the Strategic Alternatives Committee.

On May 21, 2025, Party B sent Intermex and FTP a revised indication of interest with respect to a proposed acquisition of Intermex, including an update to anticipated timing and additional diligence requests, but with the same merger consideration of $15.25 per share, composed of 35% in Party B stock and 65% in cash, as it had previously proposed despite indications that it might be willing to offer an enhancement to its proposed merger consideration. The closing price on Nasdaq of Intermex’s common stock on May 21, 2025 was $11.07.

On May 25, 2025, the Strategic Alternatives Committee held a meeting with Intermex management and representatives of H&K, FTP and Lazard to discuss Party B’s revised indication of interest. The Strategic Alternatives Committee discussed and approved FTP sending a process letter to request from both Party B and Western Union their best and final offers (the “Final Process Letter”) and their comments to drafts of the respective merger agreement templates and related Company Disclosure Letter to be provided to each of them. On May 28, 2025, draft versions of the merger agreement for Party B (the “Party B Merger Agreement”) and the Merger Agreement for Western Union, as well as draft versions of the Company Disclosure Letter for each, were made available in the Project Ivey data room. On June 1, 2025, FTP sent the Final Process Letter to Party B and Western Union with a deadline of June 16, 2025 to submit their best and final offers, along with a mark-up or comments to the template merger agreements.

On June 16, 2025, Western Union sent a revised indication of interest to FTP proposing merger consideration of $14.50 per share in cash, along with an issues list to the template Merger Agreement for Western Union. On June 16, 2025, Party B sent a revised indication of interest to Intermex and FTP proposing the same merger consideration as it had previously of $15.25 per share composed of 35% in Party B stock and 65% in cash, as well as a revised draft of the Party B Merger Agreement with the conversion