MutualFundWire.com: Datek & Ameritrade Come Together
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Monday, April 8, 2002

Datek & Ameritrade Come Together


Is it a match made in Heaven? Only time will tell. Datek and Ameritrade have decided to merge together. And, they say, they will do so as equals. The firms contend that owners of DAtek will receive 50% of the total outstanding capital stock. The value of the transaction is said to be near $1.3 billion.


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