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Rating:Ameritrade Going on the Block? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, December 16, 2004

Ameritrade Going on the Block?

by: Sean Hanna, Editor in Chief

The discount broker may be on the auction block next year. In an article on the extension of CEO Joseph Moglia employment contract through next September, the Wall Street Journal drops a bomb about a possible sale of the $5.6 billion broker.

The paper reports that Ameritrade's board of directors is increasingly interested in examining its strategic options after learning that Moglia will leave in September 2005. Among those options are a possible sale or merger with a rival.

"We will continue to grow the company and will always look at any merger or acquisition that is in the best interest of the company," Moglia told the paper.  

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