Davis Polk Advises E*TRADE on Block Trade by Citadel
3 May 2011 – Davis Polk advised E*TRADE Financial Corporation in connection with an SEC-registered block trade by Citadel Equity Fund Ltd., an affiliate of Citadel LLC, of 27,500,000 shares of E*TRADE common stock. The aggregate proceeds to the selling holder are approximately $450 million. The offering will reduce Citadel’s equity ownership in E*TRADE from […]
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