Home Wealth  Money Selling The Biz Off The Table At E*Trade

Selling The Biz Off The Table At E*Trade

Posted: Nov. 12th, 2011  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

E*Trade Financial announced late yesterday that after conducting review of its strategic alternatives, it has decided not to sell itself.

The review began in early August, and looked at all alternatives for the company, with a focus on maximizing shareholder value.

E*Trade's financial advisor, Goldman Sachs (nyse: GS - news - people ) , as well as its board, determined that the continued execution of the company's business plan is currently the best option for increasing shareholder value.

The review was undertaken after investor Citadel made calls for management changes or a sale of the online brokerage and financial services provider.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
Luggage as Luxe as Carrera Marble
The Only Headphones You’ll Ever Need (or Want) Again
Opulence in Outhouses: London's Million-Dollar Mews
These Leather iPhone Cases are High Fashion, but Über Functional
A Pillowcase with Anti-Aging Superpowers? Yes, please.
Will the BMW 9-Series be a More Attainable Rolls?
The World’s Most Expensive Taco Just Sold for $27,960
Ferrari Celebrates 70 Years of the World’s Fastest and Most Beautiful Sports Cars
Saddle Up for the Kentucky Derby with These $1,000 and $2,500 Mint Juleps
Why the Incomparable Rolls-Royce Dawn Is Actually Worth $400,000
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE