Thursday, 2 July 2015
Last updated 17 min ago
Apr 29 2010 | 12:40pm ET
Citadel Investment Group is backing away from troubled online brokerage E*Trade Financial, which it has bailed out twice in recent years.
The Chicago-based hedge fund giant sold 172 million E*Trade shares in a secondary offering today, cutting its nearly 10% stake in the firm by 17%. E*Trade priced the shares at $1.75 apiece.
E*Trade will receive no proceeds from the offering.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…