09:31 AM EDT, 07/29/2024 (MT Newswires) -- WEX (WEX) said Monday it signed an accelerated share-repurchase agreement with JPMorgan Chase Bank to buy back $300 million of WEX's common shares.

The company said it signed the agreement under its $1.05 billion amended share-buyback authorization, which it disclosed in February.

Final settlement of the accelerated share repurchase is expected in Q4, WEX said.

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