Wright Express Says Hedged About 60% Exposure Through Q3 2013

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Wright Express Corporation
WXS
, a leading global provider of value-based business payment processing and information management solutions, announced today that it has extended its existing fuel-price risk management program through the first quarter of 2014. As part of the Company's regular review of its hedging strategy and in light of recent corporate acquisitions, it is modifying its program beginning in the third quarter of 2013. Specifically, the amount of fuel hedged has been reduced from approximately 80% to 60% of fuel-price-related earnings exposure, while maintaining the use of a costless collar.
Posted In: News
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