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Waddell & Reed sale finalized

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Macquarie Asset Management closed on its $1.7 billion acquisition of Overland Park, Kansas-based Waddell & Reed Financial Inc.

Macquarie Asset Management is taking on $76 billion in assets under management through the deal.

The closure of the sale meant Friday was the last day of work for about 20% of the 1,100 full-time positions at Waddell & Reed’s headquarters.

Read more from the Kansas City Business Journal.

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