KH

Krystal Hu

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    • reuters.com
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    • Payments processor WEX threatens to abandon $1.7 billion deal for eNett and Optal
      7 May 2020—reuters.com
      (Reuters) - Financial technology provider WEX Inc (WEX.N) said on Thursday it could walk away from a $1.7 billion deal to acquire travel payment services providers eNett and Optal because of the impact of the coronavirus outbreak on their business. The warning is the latest example of corporate buyer’s remorse in the wake of the pandemic. In some cases, acquirers have managed to walk away. On Monday, L Brands Inc (LB.N) allowed private equity firm Sycamore Partners to terminate a $525 million...

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