Western Union has announced its acquisition of Intermex, a company specializing in payment transfers to Latin America and the Caribbean, for approximately $500 million. The deal, which values Intermex shares at $16 each, is expected to enhance Western Union's earnings and facilitate expansion in high-growth markets.
Fifth Third Bank has announced its acquisition of Comerica in a deal valued at $10.9 billion, aiming to strengthen its presence in key markets and enhance growth opportunities. This strategic move is part of Fifth Third's broader plan to expand its services and customer base across the United States.