Bidders reportedly line up for E-Trade unit

08/30/2013 | Reuters

Citadel, Virtu Financial, Two Sigma and RGM Advisors are reportedly expected to bid on G1 Execution Services, the market-making unit for E-Trade Financial. The sale, expected to be between $100 million and $200 million, comes as part of a new strategy for E-Trade to refocus on its core business, announced last month by new CEO Paul Idzik.

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