SAN DIEGO, Feb. 22, 2021 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Waddell & Reed Financial, Inc. (“Waddell & Reed” or the “Company”) (NYSE:WDR) breached their fiduciary duties in connection with the proposed sale of the Company to Macquarie Group (“Macquarie”).  

On December 2, 2020, Waddell & Reed announced that it had entered into a definitive merger agreement with Macquarie. Under the terms of the deal, Waddell & Reed stockholders will receive only $25.00 for each share of Waddell & Reed common stock they …

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