Scottrade Exploring Sale Options

TOWN AND COUNTRY, Mo. (KMOX) – Scottrade, the Town and Country-based online brokerage, is working with an advisor to explore a sale.

People familiar with the matter tell Bloomberg a deal could value Scottrade at about $4 billion. The same people say the company has drawn interest from rivals, including TD Ameritrade Holding.

No final decision has been made and there’s no guarantee an agreement will be reached. Representatives for Scottrade did not immediately respond to requests for comment.

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