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home / news releases / WDR - Waddell & Reed +6% on takeover speculation


WDR - Waddell & Reed +6% on takeover speculation

Waddell & Reed (WDR) is popping higher amid chatter that it could be next asset manager snapped up by a big bank.WDR stock +6.2%, hitting a 52-week high at $18 earlier.Reports cite DealReporter that Waddell & Reed could be in the sights of JPMorgan Chase (JPM). There is no comment from either party.Morgan Stanley's (MS) acquisition of Eaton Vance (EV) last week led the speculation and buying interest in asset managers, including WDR, which is up 11% since that and more than 20% from its October lows.

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Waddell & Reed +6% on takeover speculation
Stock Information

Company Name: Waddell & Reed Financial Inc.
Stock Symbol: WDR
Market: NYSE
Website: waddell.com

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