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

Dec. 02, 2020 5:50 PM ETWaddell & Reed Financial, Inc. (WDR), LPLAMCQEF, MQBKYBy: Carl Surran, SA News Editor11 Comments
  • 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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Comments (11)

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i have had WDR for years and my cost is much higher than $25. does anyone think the price will bid higher or is it about as high as it can go?

What happens if we do not sell. will maquarie for us to sell?
TraderJoeZ profile picture
@worldly luckily, the dividends you have received over the years has effectively greatly lowered your cost basis. That said, unfortunately if the sale goes through, you will wake up one day next year with $25 per share in your brokerage, instead of your WDR shares.
Sentinel Brit profile picture
Glad I stayed invested in WDR. Made a couple of purchases over 3 1/2 years and it has paid off. I held on for three reasons, 1) the dividend, 2) the potential for value to return to favor and more recently 3) the potential for it to be acquired.
LeaveTheEgoAtTheDoor profile picture
wdr is trading above purchase price. bring on the bidding war.
Joey River profile picture
Brilliant move by Macquarie to increase assets under management at a low cost while Waddell and Reed shareholders and employees reap a 47% share price gain.
@Joey River Right on. Shrewd purchase by the folks at Mac.
28 Dec. 2020
@Joey River employees aren’t shareholders bud. All they get is to look for a new job
TraderJoeZ profile picture
right on, right on
Eric Sprung profile picture
Consolidation is just getting started in the asset management business. Long IVZ
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