NEW YORK (S&P Global Ratings) Dec. 15, 2020--S&P Global Ratings said today that it has a generally positive view of WEX Inc.'s announcement it resolved litigation surrounding its acquisition of eNett and Optal. WEX will acquire the companies for approximately $577 million in cash, a substantial discount to the $1.7 billion in total consideration agreed to in January of this year. The original terms were for $1.275 billion in cash and 2 million shares of WEX common stock. WEX had challenged the original agreement, arguing that there was a materially adverse effect to the transaction due to the COVID-19 pandemic. We take a mostly positive view of the resolution, because of the discount and certainty, even though the cash consideration
