WEX - WEX boosts share repurchase authorization to $650M
- WEX ( NYSE: WEX ) has announced a boost to its current share repurchase program.
- The program, first announced in August, initially authorized the company to repurchase up to $150M of common stock over a four year period through August 23, 2026.
- This amendment increases the repurchase authorization to $650M of common stock and shortens the duration to December 31, 2025.
- The global commerce platform has repurchased $225M of its common stock in 2022, including $75M representing 536,566 shares under the current program during the month of October 2022. It has ~$575M of capacity remaining under the current repurchase authorization.
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WEX boosts share repurchase authorization to $650M