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E*TRADE Financial Corporation Message Board

  • trendpicker trendpicker Feb 13, 2008 2:29 AM Flag


    Tuesday, February 12, 2008
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    Moglia still sweet on E*Trade
    By Brooke Southall
    February 7, 2008

    TD Ameritrade Holding Corp. still has eyes for E*Trade Financial Corp. of New York.
    The Omaha, Neb.-based broker-dealer will let neither the “bumps” it suffered from merging with TD Waterhouse nor the precipitous downfall of E*Trade’s stock as a result of the subprime crisis to alter its openness to a deal, said Joe Moglia, chairman and chief executive of TD Ameritrade.

    “You can never control when an M&A opportunity presents itself,” he said.

    “We will continue to look at E*Trade’s brokerage assets,” he said.

    “They’ve done a good job growing the brokerage assets.”

    It comes down to a meeting of minds, Mr. Moglia said.

    “If we could find something good for both their shareholders and ours, we could [merge],” he added.

    For the full report, see the Feb. 11 issue of InvestmentNews.

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