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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: ecommerceman who wrote (8350)	9/7/1999 8:53:00 AM
From: Spytrdr	Read Replies (3) \| Respond to of 13953

ETRADE Completes Acquisition of TIR Holdings Ltd. MENLO PARK, Calif., Sept. 7 /PRNewswire/ -- ETRADE© Group Inc. (Nasdaq: EGRP - news) today announced the completion of its acquisition of TIR Holdings Ltd., an international financial services company offering global multi-currency securities execution and settlement services, and a leader in providing independent research to institutional investors. ETRADE announced it entered into a definitive agreement to acquire TIR on July 13, 1999, and the transaction was finally closed on Aug. 31, 1999. The acquisition of TIR is expected to accelerate ETRADE's goal of building the first global cross-border trading network for online investors, making international trading in securities accessible to retail, corporate and institutional investors. ``We expect TIR to play a significant role in advancing ETRADE's vision to empower individual investors worldwide to realize their financial goals faster and more effectively,' said Judy Balint, president of ETRADE International. ``TIR not only will enable ETRADE to increase its global presence, but also integrate the expanding number of ETRADE-branded sites worldwide into a cohesive investing network.'