Citadel to help recapitalize E*Trade (Dealscape

Pressured by regulators to raise cash, E*Trade Financial Corp. said Wednesday it would try to come up with at least $1.2 billion by selling stock and swapping debt in offerings backed by hedge fund Citadel Investment Group LLC.

The New York discount brokerage said in a statement that it would sell $400 million of common shares, and that Citadel had offered to buy $50 million to $100 million of the shares on sale, depending on the price.

This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.

Dig deeper, with Pipeline.

269 in-depth reports of PE deals in the Financial Services sector from the past year
147 articles related to Citadel Investment Group LLC
28 in-depth transaction records for E*Trade
17 company pages related to Brokerages
10 years of news and analysis archives from the voice of The Deal Economy

Most searched keywords

Deutsche Bank
Skadden Arps
Pinnacle Foods
Concho Resources
Agrium Inc.
Birds Eye
Cantor Fitzgerald
Credit Suisse
Windstream Corp.
Goldman Sachs

Forward-looking intelligence allows you time to act. View this video on our restructuring content to see how you can benefit from our expertise.
NOT A SUBSCRIBER? Citadel to help recapitalize ETrade Posted on June 18, 2009 3:00 PM* Pressured by regulators to raise cash, ETrade Financial Corp. said Wednesday it would try to come up with at least $1.2 billion by selling stock and swapping debt in offerings backed by hedge fund Citadel Investment Group LLC. The New York discount brokerage said in a statement that it would sell $400 million of common shares, and that Citadel had offered to buy $50 million to $100 million of the shares on sale, depending on the price. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence.* Dig deeper, with Pipeline. 269 in-depth reports of PE deals in the Financial Services sector from the past year 147 articles related to Citadel Investment Group LLC 28 in-depth transaction records for ETrade 17 company pages related to Brokerages 10 years* of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

Sales Contact Michael Crosby mcrosby@thedeal.com 212.313.9325	Media Contact Martha Brown mbrown@thedeal.com 212.313.9218
Signing in signifies that you agree to our terms and conditions. View our privacy policy.