Citadel Sells Huge Chunk Of E*Trade

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.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of