WEX
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PublishedDecember 15, 2020
Wex settles lawsuit, buys companies in UK at reduced price
The Portland company was sued after it pulled out of a $1.7 billion purchase of the two companies, but wound up buying both for a third of the original price.
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PublishedOctober 29, 2020
Wex reports drop in revenue and income
The pandemic continues to constrain growth for the Portland-based company.
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PublishedOctober 12, 2020
British court issues ruling favorable to Wex in UK lawsuit
The Portland-based company wants out of a $1.7 billion deal to buy 2 British firms, citing the negative effects the coronavirus pandemic has had on their value.
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PublishedJune 29, 2020
Portland-based Wex secures $400 million private investment
The investment by New York-based private equity firm Warburg Pincus LLC will help Wex navigate 'the current uncertain operating environment,' it said.
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PublishedMay 12, 2020
Wex sued in UK court for canceling $1.7 billion acquisition
The Portland-based company had agreed to purchase two travel payment firms for $1.7 billion, but backed out because of the coronavirus pandemic.
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PublishedMay 7, 2020
Travel restrictions worry Wex after solid first quarter
The Portland-based payment processing technology firm says business declined in April because of pandemic-related restrictions on travel.
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PublishedApril 15, 2020
Wex announces layoffs, furloughs affecting 5% of its workforce
Business has slowed abruptly for the Portland-based payment-processing technology firm, whose CEO bought and sold thousands of company shares 2 days before the price started falling.
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PublishedMarch 16, 2020
Maine employers send workers home, make drastic changes
The coronavirus is forcing large Portland-area businesses to adopt new rules to keep workers healthy and business humming.
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PublishedMarch 13, 2020
Wex ‘strongly encouraging’ its employees worldwide to work from home
The Portland-based payment technology firm says it hopes to have employees fully transitioned to remote work by March 20.
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PublishedMarch 5, 2020
Economic impact of coronavirus cuts into Wex revenue projections
The Portland-based company expects earnings to be down at least 2% for the first three months of this year.