Scottrade Said to Attract Interest from TD Ameritrade (AMTD) - Bloomberg

September 28, 2016 5:32 PM EDT

Find out which companies are about to raise their dividend well before the news hits the Street with's Dividend Insider Elite. Sign-up for a FREE trial here.

(Updated - September 28, 2016 5:37 PM EDT)

Online broker Scottrade is working with an adviser to explore a sale that could value the company at $4 billion, according to Bloomberg, citing people familiar with the matter.

The report said Scottrade has drawn interest from rivals including TD Ameritrade (Nasdaq: AMTD), though no final decision has been and there is no guarantee an agreement will be reached.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Hot M&A, Mergers and Acquisitions, Rumors, Trader Talk

Add Your Comment