Ally Financial to buy TradeKing
Ally Financial Inc said April 5 it agreed to buy TradeKing Group Inc for about $275 million. Fort Lauderdale, Florida-based TradeKing is an online broker known for charging low fees. Investors include OCA Ventures and Battery Ventures. Buyouts Insider reported news of the auction in January. Goldman, Sachs & Co, Jarrett Lilien and Sullivan & Cromwell LLP advised Ally. TradeKing was advised by Bank of America Merrill Lynch and Cooley LLP.
6 April 2016•7 mins read
