Investing - TD Ameritrade to Purchase E*Trade Financial Corp-Possible - Canada

montyloree · by **montyloree** » Sun Jan 17, 2010 04:18:33 PM

TD Ameritrade which is owned mostly by TD Bank of Canada is looking at purchasing E*Trade.. I hope that TD doesn't get in over their heads with an American company.

Jan. 15 (Bloomberg) -- E*Trade Financial Corp., the online brokerage that’s been unprofitable for two years, climbed the most in a month after the Daily Telegraph said the company is in talks about a sale.

E*Trade has been the subject of takeover speculation for most of 2009. The New York-based company has lost $3.49 billion since the third quarter of 2007 from loan defaults, causing rumors to circulate that another brokerage may want to buy the company or some of its assets. The shares surged 9 percent on Nov. 18 after TD Ameritrade Holding Corp.’s chief executive officer told Reuters he would consider buying the rival at the right price.

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Investing - TD Ameritrade to Purchase E*Trade Financial Corp-Possible - Canada

TD Ameritrade to Purchase E*Trade Financial Corp-Possible

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