{"id":6841,"date":"2007-11-30T00:00:00","date_gmt":"2007-11-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"citadel-boosts-e-trade-stake-with-25-billion-investment","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2007\/citadel-boosts-e-trade-stake-with-25-billion-investment.html","title":{"rendered":"Citadel boosts E-Trade stake with $2.5 billion investment"},"content":{"rendered":"

Chicago Tribune- Citadel Investment Group is sinking about $2.5 billion into E-Trade Financial Corp., which has been hurt by shaky mortgage investments, largely because it is a fan of the online discount brokerage’s business model.<\/p>\n

The Chicago-based hedge fund, one of 40 potential strategic or financial buyers to hold talks with E-Trade, will boost its stake in the New York-based company to 18 percent from 2.5 percent as aresult of the deal, announced Thursday.<\/p>\n

“We saw a good business with a troubled balance sheet,” Joe Russell, senior managing director for Citadel, said Thursday. Russell headed the negotiations for Citadel.<\/p>\n

Citadel likes the online brokerage platform that E-Trade has built. It has 4.7 million accounts worldwide.<\/p>\n

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Chicago Tribune- Citadel Investment Group is sinking about $2.5 billion into E-Trade Financial Corp., which has been hurt by shaky mortgage investments, largely because it is a fan of the online discount brokerage’s business model. The Chicago-based hedge fund, one […]<\/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-6841","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6841","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=6841"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6841\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}