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Stock Market & Financial Investment News

News Breaks
June 17, 2014
07:46 EDTWEXWEX Inc. acquisition positive, says Wells Fargo
After WEX agreed to acquire Evolution1, a provider of payment solutions for the consumer-to-provider segment of the healthcare market, Wells Fargo thinks the deal is favorable, as it is upbeat on the healthcare payments space. The firm thinks the deal could be up to 15c accretive to WEX's adjusted 2015 EPS. It keeps an Outperform rating on WEX.
News For WEX From The Last 14 Days
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July 17, 2014
07:31 EDTWEXWEX signs definitive purchase agreement regarding Exxon's Esso Card program
WEX Inc. (WEX) announced the execution of the definitive purchase and sale agreement relating to the previously announced proposed acquisition of ExxonMobil’s (XOM) European commercial fuel card, or Esso Card, program through a majority owned joint venture, WEX Europe Services Limited. In addition, all necessary regulatory approvals have been received and the employee information and consultation processes have been cleared. The transaction is on track and is expected to close in late 2014 or early 2015. “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and CEO.
July 15, 2014
07:30 EDTWEXWEX Inc. signs prepaid fuel card processing agreement with Shell
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July 9, 2014
10:02 EDTWEXOn The Fly: Analyst Initiation Summary
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07:50 EDTWEXWEX Inc. initiated with an Equal Weight at Morgan Stanley
Target $107.
07:32 EDTWEXWEX announces agreement with PriceAdvantage
WEX announced an integration between its WEX Fuel Management TelaPoint solution and PriceAdvantage, a division of Skyline Products, for petroleum operators that leverages real-time fuel inventory and sales information to optimize fuel prices.

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