Western Union gets New York nod for Intermax acquisition; still face California hurdles
Western Union has committed to maintain its store locations in New York State and cap fee increases for three years in order to head off opposition to its acquisition of rival Intermax.
Western Union has committed to maintain its store locations in New York State and cap fee increases for three years in order to head off opposition to its acquisition of rival Intermax.
BELLINGS Intelligence Score: 22
Why it matters
Western Union's regulatory approval in New York for its Intermax acquisition is a notable development in the payments sector, but it remains a routine corporate transaction with limited immediate impact on credit markets or broader financial conditions.
Sources
Finextra
Western Union gets New York nod for Intermax acquisition; still face California hurdles
Western Union has committed to maintain its store locations in New York State and cap fee increases for three years in order to head off opposition to its acquisition of rival Intermax.
Finextra
Western Union gets New York nod for Intermax acquisition; still faces California hurdles
Western Union has committed to maintain its store locations in New York State and cap fee increases for three years in order to head off opposition to its acquisition of rival Intermax.