FX.co ★ WEX To Repurchase Additional $400 Mln Of Shares

WEX Inc., a provider of financial technology services, announced on Thursday that its board has approved an additional share repurchase of up to $400 million. This extends the existing repurchase program to a total of $1.05 billion through to December 31, 2025.

The company had originally authorized a repurchase program of up to $650 million in shares in 2022 and has so far repurchased around $478 million.

At present, shares of WEX are trading at $218.23, marking an increase of 1.14 percent on the New York Stock Exchange.