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.

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