Monday, February 19, 2007

Etrade buyout offer

Etrade Limited (ASX:ETR) has either just suddenly acquired knowledge of a takeover talk or they were not telling the truth to the public back on the 16th Jan. See my article here on the inital gossip that takeover talk was underway at etrade.

ANZ Banking Group Limited (ASX:ANZ) plans to beef up the offerings of online broker ETrade Australia if its $268 million bid for the rest of the shares it doesn't already own is accepted by shareholders. ANZ, which owns just over 34 per cent of ETrade, says it is the natural owner after putting forward a $4.05 per share offer.

I also had an article here on how ETrade was going to boost the profit of ANZ and that ETrade might be a good acquisition.

Good Luck Investing.

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