Waddell & Reed Financial, Inc.

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WADDELL & REED MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF WADDELL & REED FINANCIAL, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – WDR

December 2, 2020.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Waddell & Reed Financial, Inc. (NYSE: WDR) to Macquarie Asset Management for $25.00 per share is fair to Waddell shareholders.

The investigation concerns whether Waddell and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Waddell shareholders; (2) determine whether Macquarie is underpaying for Waddell; and (3) disclose all material information necessary for Waddell shareholders to adequately assess and value the merger consideration.

On behalf of Waddell shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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