Waddell & Reed (WDR) Sells Shares in Sands China, Wynn Macau; Will Raise $125M

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According to Bloomberg Thursday morning, Waddell & Reed (NYSE: WDR) is selling shares in both Sands China and Wynn Macau. The company will sell Sands China shares at HK$24.18-HK$24.68, and shares of Wynn Macau at HK$17.53-HK$17.90. Waddell & Reed is expected to raise about $125 million through the sale.

UBS acted as the manager of the sales.

Waddell & Reed shares are indicated about 2 percent lower in the pre-market session.

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