November 29 - Financial Times - Even Dick Cheney could not have missed. E-Trade looked like a sitting duck for a takeover by one its rivals TD Ameritrade and Charles Schwab. E-Trade’s shares have fallen almost 80 per cent since June and the online broker needed fresh capital. Meanwhile, consolidation has long made sense in that sector, given the huge cost savings on offer.
So why did neither pull the trigger, allowing hedge fund Citadel to swoop in and take a dominant stake instead? And why have other financial companies not rushed in to take advantage of their rivals’ distress through acquisitions? Read More.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment