The online broker fell after the board of directors said it has decided not to sell the company. The continued implementation of the company’s business plan is currently the best alternative, the board said. ETrade’s largest shareholder, Citadel Advisors, had pushed the company to seek a buyer and has been critical of management.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
