WEX Inc. announced on March 31, 2025, the final results of its modified 'Dutch auction' tender offer, which expired on March 25, 2025. WEX accepted for purchase a total of 4,870,130 shares of its common stock.
The shares were purchased at a final price of $154.00 per share, totaling approximately $750,000,000.00, excluding fees and expenses. This represents approximately 12.5% of the shares issued and outstanding as of March 25, 2025.
Due to the number of shares tendered, shares were accepted on a pro rata basis, with a final proration factor of approximately 99.55%. This significant share repurchase demonstrates WEX's commitment to returning capital to shareholders and enhancing shareholder value.
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