trending Market Intelligence /marketintelligence/en/news-insights/trending/emrofn2zyqrnumth1ezc5w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

E*TRADE Financial to acquire OptionsHouse parent for $725M

S&P Podcast – Economic Recovery Will Guide US Ad Market

Episode 11 - How COVID - 19 Has Reshaped The Advertising Industry

信用分析(Credit Analytics)案例: 瑞幸咖啡

Cable Network Q1'20 Distribution Revenue Recap


E*TRADE Financial to acquire OptionsHouse parent for $725M

E*TRADEFinancial Corp. has agreed to acquire Aperture New Holdings Inc.for $725 million in cash.

Aperture New Holdings, a General Atlantic Service Co. LLC company, is the parentof Chicago-based OptionsHouse, which merged with tradeMONSTER in 2014.OptionsHouse currently has 154,000 customer accounts with $3.6 billion incustomer assets, including $1.4 billion in cash. It executed 27,000 DARTs forthe 12 months ended June 30, of which 63% were in options. Revenues for thelast 12 months came in at $104 million.

E*TRADE plans to fund the transaction by issuing up to $400million of noncumulative perpetual preferred stock, and paying the balance incash. The deal will boost E*TRADE's derivatives capabilities whileexpanding its customer profile with the addition of OptionsHouse'sderivative-centric traders.

The deal is subject to regulatory approvals and closingconditions, and is expected to close in the fourth quarter.

E*TRADE expects the transaction to be relatively neutral toearnings in 2017 and be accretive in 2018. The deal is expected to result innearly $65 million in annual full run-rate synergies in 2018.

Credit Suisse and Skadden Arps Slate Meagher & Flomadvised E*TRADE on the deal. Aperture was advised by Evercore and Paul WeissRifkind Wharton & Garrison. Jefferies also acted as financial adviser toAperture.