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Waddell & Reed up nearly 50% after $1.7B sale to Macquarie

  • Waddell & Reed Financial (NYSE:WDR) +47.8% post-market after agreeing to be acquired by Macquarie Group for $25/share, representing a ~48% premium to the stock's closing price on Dec. 1.
  • Macquarie also will sell Waddell & Reed's wealth management platform to LPL Financial (

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