1. Former AG Foti investigates IMXI's proposed sale to Western Union. 2. IMXI shareholders would receive $16.00 per share in cash. 3. Investigation seeks to determine if the sale undervalues the company.
The scrutiny over the sale may indicate undervaluation concerns, reminiscent of similar cases that led to stock depreciation.
The investigation into the potential undervaluation of IMXI could significantly affect stock prices and investor confidence in the near term.
Immediate scrutiny can influence investor sentiment and stock performance swiftly, especially amid ongoing investigations.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of International Money Express, Inc. ("IMF") (NasdaqCM: IMXI) to The Western Union Company (NYSE:WU). Under the terms of the proposed transaction, shareholders of IMF will receive $16.00 in cash for each share of IMF that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-imxi/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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Kahn Swick & Foti, LLC
Lewis S. Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
855-768-1857
1100 Poydras St., Suite 960
New Orleans, LA 70163