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Tech Industry

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.

    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.