WEX completes acquisitions at fraction of original price, settles suit with sellers
Seven months after Portland-based payments provider WEX Inc. (NYSE: WEX) said it was not required to complete two acquisitions citing the pandemic's effect on those businesses, the company has completed the deals at a fraction of the original price tag and settled a lawsuit brought by the sellers. The company, led by Chair and CEO Melissa Smith, said Tuesday that it has completed the purchase of eNett, a provider of business-to-business payments solutions for the travel industry, and B2B payments company Optal, for around $577.5 million. It does not expect the deals to affect results...
Source: mainebiz.biz