{"id":6157,"date":"2007-06-06T00:00:00","date_gmt":"2007-06-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ameritrade-hedge-funds-urge-combination","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2007\/ameritrade-hedge-funds-urge-combination.html","title":{"rendered":"Ameritrade: Hedge funds urge combination"},"content":{"rendered":"<p>  Boston Globe-&nbsp; Two hedge funds that own stakes in TD <a target=\"_new\" href=\"http:\/\/boston.stockgroup.com\/sn_overview.asp?symbol=AMTD\">Ameritrade Holding Corp.<\/a> are pushing the  online-brokerage firm to seek a large merger, saying that Ameritrade could boost shareholder value by joining forces with either E-Trade Financial Corp. or <a target=\"_new\" href=  \"http:\/\/boston.stockgroup.com\/sn_overview.asp?symbol=SCH\">Charles Schwab Corp.<\/a><\/p>\n<p>  Such a deal would deliver large expense and revenue benefits, the funds, managed by Jana Partners and SAC Capital Advisors, said in a letter sent last week to Ameritrade&#8217;s board. The call for an  Ameritrade merger comes at a time when the online-brokerage industry faces questions about growth and its exposure to the swings of the market.<\/p>\n<p>  The two funds own a combined 8.4 percent stake in Ameritrade and are seeking to substantially increase their position. Their letters were disclosed in a Securities and Exchange Commission filing by  Ameritrade after the end of Tuesday&#8217;s regular-trading session; Ameritrade shares climbed more than 9 percent in after-hours trading.<\/p>\n<p>  Jana and SAC told Omaha, Neb.-based Ameritrade that the company&#8217;s board should set up a special committee &#8220;to oversee the immediate pursuit of a strategic combination.&#8221;<\/p>\n<p>  <strong><a href=\"http:\/\/www.boston.com\/business\/articles\/2007\/06\/05\/ameritrade_hedge_funds_urge_combination\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe-&nbsp; Two hedge funds that own stakes in TD Ameritrade Holding Corp. are pushing the online-brokerage firm to seek a large merger, saying that Ameritrade could boost shareholder value by joining forces with either E-Trade Financial Corp. or Charles [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6157","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6157"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6157\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}