E*Trade Buying BrownCo for $1.6B

September 28, 2005

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Online brokerage E*Trade Financial Corp. said on Thursday it would buy BrownCo from J.P. Morgan Chase & Co. for $1.6 billion, its second major acquisition in the rapidly consolidating discount brokerage business since August.

*For more on this story,

read the full Reuters article.

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E*Trade Buying BrownCo for $1.6B

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