E*Trade Completes Offering, Nets $147 Million
Wed. September 23, 2009; Posted: 10:32 AM
Sep 23, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/23/2009-E*Trade (NASDAQ:ETFC) announced Wednesday that it completed its previously announced "At The Market" common stock offering. The company said it sold 80.23 million shares of common stock, which brought in gross proceeds of approximately $150 million, resulting in net proceeds of approximately $147 million, after deducting commissions and offering expenses. Shares of E*Trade are trading at the unchanged level Wednesday.
Write to Chip Brian at cbrian@tradethetrend.com
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