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Monday, May 09, 2005

News: Ameritrade surges on reports E-Trade makes offer

Reports: E-Trade Makes Offer for Ameritrade
AP

E-Trade Makes Offer for Rival AmeriTrade Which Is Considering Deal for TD Waterhouse, Reports Say

NEW YORK (AP) -- In a possible consolidation of the online discount brokerage business, E-Trade Financial Corp. has reportedly made an offer for AmeriTrade Holding Corp., according to published reports Monday.

E-Trade made an unsolicited bid to buy Ameritrade on Friday for more than $5.5 billion in a letter to its board, according to executives who spoke to the Times.

Read further:
E-Trade Makes Ameritrade Offer

Online Trading Comment
Ameritrade (AMTD) trading at $14.11, up by 25% in early trading.

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