Wex Agrees to Buy Electronic Funds Source for $1.47 Billion

Wex Inc., a U.S. payment-processing company, agreed to buy Electronic Funds Source LLC from the private-equity firm Warburg Pincus for about $1.47 billion in cash and stock.

Wex will pay $1.1 billion in cash and 4 million shares to Warburg Pincus, and the firm will become Wex’s largest shareholder, the South Portland, Maine-based company said in a statement Monday.

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