Aug 10 (Reuters) - Money transfer company Western Union ( WU )

said on Sunday it will acquire Intermex, a U.S.

firm that focuses on payment transfers to Latin America and the

Caribbean, for about $500 million in cash.

Western Union ( WU ) will pay $16 for each Intermex share,

representing a premium of over 70% to Intermex's last close of

$9.28 on Friday.

Western Union ( WU ), among the world's top providers of money

transfer services, said the deal was expected to add to its

adjusted earnings per share by more than $0.10 in the first full

year after close.

The company added that the deal would help it expand in the

"historically high-growth Latin America geographies."

In the first quarter of 2025, Intermex said it will

discontinue issuing quarterly guidance. The company also cut its

annual forecasts for profit and revenue, citing economic

uncertainty.

(Reporting by Harshita Meenaktshi in Bengaluru; Editing by

Muralikumar Anantharaman)