Powered by

E*Trade scores online stocks and options broker

Jul 25, 2016 - The Deal Pipeline
Board and Executive Moves-Mergers and Acquisitions-Financial Results

E*Trade Financial Corp. (ETFC), an active acquirer a decade ago that's been relatively dormant since, has returned to the M&A fold, announcing Monday that it will pay $725 million for Aperture New Holdings Inc., the holding company of online stocks and options trader, OptionsHouse.

"This is our first acquisition in some time," said Paul Idzik, CEO of New York-based E*Trade during a call for analysts and investors on the deal. "We have been very disciplined in getting here."

According...