WEX Board Of Directors Authorizes New Share Buyback Program

(RTTNews) - WEX Inc. (WEX) announced that its board of directors has authorized a share repurchase program under which up to $150 million worth of the company's common stock may be repurchased.

The company said repurchases may be made from time to time until September 30, 2017 through open market purchases, privately negotiated transactions, block trades or otherwise. Repurchases are subject to the availability of stock, prevailing market conditions, trading price of the stock and the company's financial performance.

The repurchase program does not obligate the company to acquire any specific number of shares and may be discontinued or suspended at any time.