Business
Macquarie taps RBC for advice on $2.3b Waddell & Reed buy – The Australian Financial Review
Macquarie Group has entered into a $2.3 billion agreement to buy US-based asset and wealth manager Waddell & Reed Financial.
Macquarie Group has entered into a $2.3 billion agreement to buy US-listed asset and wealth manager Waddell & Reed Financial.
Macquarie Group has bought US-listed asset and wealth manager Waddell & Reed. Jim Rice
The all-cash deal would see Macquarie pay $US25 a share, or $US1.7 billion for all of Waddell & Reed’s stock, subject to shareholder and regulatory approval.
It is understood Macquarie drafted in RBC Capital Markets as financial advisor on the deal, as well as Allen & Overy for legal advice…
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