Waddell & Reed officials have held discussions with other financial firms concerning possible "business combinations, according to a statement issued by the firm. Discussions are "exploratory in nature and have included several firms, the statement said. Waddell & Reed, with more than $39 billion under management, retained Merrill Lynch and Morgan Stanley Dean Witter to advise the firm regarding potential "strategic partners. Keith A. Tucker, Waddell & Reed chairman and CEO, described the discussions as an "open-ended process and said, "We have not reached any conclusions or decided on a course of action.
Waddell & Reed officials have held discussions with other financial...
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