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US: E*Trade to acquire OptionsHouse

By  |  July 25, 2016

E*TRADE Financial Corporation has announced that it has entered into a definitive agreement to acquire Aperture New Holdings, Inc., the parent company of OptionsHouse, in a $725 million cash deal. The transaction aims to boost E*TRADE’s derivatives capabilities and expand its customer profile with the addition of OptionsHouse’s highly active, derivative-centric traders.

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    Paul Idzik, Chief Executive Officer of E*TRADE Financial said, “This is the first acquisition E*TRADE has made in a great while, underscoring our disciplined approach, and commitment to deliver on our growth plans. We believe options are an important component of an investor’s arsenal, and this deal will intensify our derivatives firepower.”

    E*TRADE expects the transaction to be rather neutral to earnings in 2017 and accretive in 2018, when it expects synergies of approximately $65 million annually.

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