Hedge Fund News From HedgeCo.Net

Citadel scraps plan to sell E-Trade stock

CNBC – Private equity firm Citadel Investment Group LLC said Monday that one of its affiliates has canceled a plan to sell a portion of its stake in retail brokerage firm E-Trade Financial Corp.

Under a previously announced plan, Chicago-based Citadel was to have sold up to 120 million shares of E-Trade as early as Monday. Citadel owns about 1.1 billion shares in the brokerage firm.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , . Bookmark the permalink.

Leave a Reply