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BRIEF-Macquarie Group To Acquire Waddell & Reed Financial For $1.7 Billion

Published 03/12/2020, 10:05 am
Updated 03/12/2020, 10:06 am
© Reuters.

Dec 2 (Reuters) - Waddell & Reed Financial Inc WDR.N :

* MACQUARIE GROUP TO ACQUIRE WADDELL & REED FINANCIAL, INC. FOR $1.7 BILLION

* WADDELL & REED FINANCIAL INC - DEAL FOR $25.00 PER SHARE IN CASH

* WADDELL & REED FINANCIAL INC - MACQUARIE GROUP TO SELL WADDELL & REED FINANCIAL, INC. WEALTH MANAGEMENT PLATFORM TO LPL FINANCIAL FOR $300 MILLION

* WADDELL & REED FINANCIAL - ON COMPLETION OF TRANSACTION, MACQUARIE HAS AGREED TO SELL CO'S WEALTH MANAGEMENT PLATFORM TO LPL FINANCIAL HOLDINGS INC

* WADDELL & REED FINANCIAL INC - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF WADDELL & REED FINANCIAL, INC., MACQUARIE GROUP AND LPL

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