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Ameritrade Grabs Ten Bagger

Ameritrade + Ten Bagger, E*Trade + VERSUS Technologies, euro909.com + Netbasen, ImageX.com + Howard Press, Ubrandit.com + ClickSmart.com









 E*Trade (EGRP) to acquire VERSUS Technologies

 

   *  Amount:         $174 million

 

   *  Terms:            100% stock
 

   *  Premium:        n/a

 

   *  Industry:        Financial services

 

   *  Scorecard:      B

 


    MENLO PARK, June 15--Online broker E-Trade Group said it agreed to acquire Versus Technologies, a Canadian-based provider of electronic securities trading services for institutional and retail investors and owner of the E*TRADE Canada license, for $174 million in stock. Through the acquisition, E*Trade will gain access to the VERSUS retail and institutional client base, as well as The VERSUS Network, a scalable proprietary electronic trading platform that is planned to be incorporated into E*Trade's product offerings worldwide.

     

 

 Ameritrade (AMTD) to acquire Ten Bagger

 



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