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Waddell & Reed shares stoked by takeover rumors

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Kansas-based Waddell & Reed Financial Inc.'s shares have climbed amid rumors of a takeover.

JPMorgan Chase & Co. was cited in media reports as a possible suitor.

Waddell & Reed's shares rose as high as $18 per share on Oct. 14, hitting nearly that figure again yesterday after closing at $16.70 per share on Oct. 13, according to stock market data.

Read more from the Kansas City Business Journal.

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