Scottrade Said to Attract Interest from TD Ameritrade (AMTD) - Bloomberg
Get Alerts AMTD Hot Sheet
Join SI Premium – FREE
(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 StreetInsider.com Premium Free!
You May Also Be Interested In
- CC Capital Is Among Parties In Talks To Acquire Soho House & Co (SHCO) -sources - Reuters
- HashiCorp, Inc (HCP) jumps on M&A rumours
- Exxon CEO says not trying to buy Hess but eyes its Guyana stake
Create E-mail Alert Related Categories
Hot M&A, Mergers and Acquisitions, Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!