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

September 28, 2016 5:32 PM EDT

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(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.

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