Short Take: E*Trade offers 8.1 million shares

In a secondary offering, E*Trade Group floated out 8.1 million shares of common stock at $27.50 per share. Stockholders offered 2 million of those shares. The company intends to use the net proceeds from its share of the offering for general corporate purposes.

Aug. 20, 1997 4:30 p.m. PT

In a secondary offering, floated out 8.1 million shares of common stock at $27.50 per share. Stockholders offered 2 million of those shares. The company intends to use the net proceeds from its share of the offering for general corporate purposes.