E*Trade, TD Ameritrade to do M&A tango?
Cha, cha, cha.
Online brokerages E*Trade Financial and TD Ameritrade Holding reportedly are hitting the dance floor to test out the concept of a merger, according to a report in The Wall Street Journal.
The Journal notes that the parties have been in tight discussions over the past weeks but that they haven't yet progressed to that final M&A dip.
Nonetheless, E*Trade shares were up 6 percent and TD Ameritrade rose 8 percent in pre-market trading, according to MarketWatch.
A merger of the two online brokerages would bring consolidation to the market, a move that investors may or may not appreciate. Last week, competitor Charles Schwab faced faced sporadic outages, as investors loaded its system to conduct trades during a highly volatile market.
Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn. 





This will be the 4th merger for TD Ameritrade. My orginal online broker doesn't even appear in the name anymore.
These aren't from dictionary attacks and all evidence points to either TD Ameritrade selling these e-mail addresses or having suffered a security breach.
No one knows for sure what is up, but either way, it doesn't bode well for TD Ameritrade.
- HOT - Citigroup Analyst Prashant Bhatia buys E*Trade stocks in huge numbers
- by citi_group_ucover_analyst November 12, 2007 11:02 PM PST
- Prashant Bhatia, who works for Citigroup as an analyst, came to know recently that E*Trade's stock is gonna go for huge change on the positive side, considering that it is toying with the idea of merger with TD Ameritrade. So, Mr.Bhatia has used the media to his effect, falsely propagating that E*Trade is going to file for Bakruptcy. As expected, E*trade's stock price hit a new 52 week record low.Prashant Bhatia had apparently bought a huge number of E*Trade's stocks yesterday and is looking to make a huge profit once the merger becomes a reality.This is inside information from Citigroup. Well, Prashant, nice way to make hay while the sun shines!!
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