Wright Express Corporation (NYSE:
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.
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