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To: Oeconomicus who wrote (4559)1/29/1999 2:40:00 PM
From: M CAHILL  Respond to of 13953
 
TD Bank Financial Group Examining Limited Public Offering of Discount Brokerage Shares
Tuesday, January 26, 1999 09:40 AM Mail this article to a friend new!

TORONTO Jan. 26 /CNW-PRN/ - TD Bank Financial Group Chairman and Chief Executive Officer A. Charles Baillie today announces that TD is exploring the potential to execute a limited public offering of shares in TD's discount brokerage business.

''We are looking at ways to improve our flexibility with regard to taking initiatives in the United States. One of the ways we would consider is making a limited public offering of shares, likely less than 20 per cent, in our discount brokerage,'' said Baillie.

''Discount brokerage is a key strategic asset to the TD Bank Financial Group and will continue to be so regardless of the outcome of these deliberations. This move would demonstrate the value of this business to shareholders and even more importantly, could provide increased opportunity to pursue key strategic initiatives and acquisitions going forward.''

SOURCE Great Lakes Recreational Vehicle Association


Quote for referenced ticker symbols: TD

© 1999, PR Newswire