02-19-2009, 02:33 PM
Good news. Sounds like we could get a better idea of when the deal will close very soon, as this takes care of the 50% cash portion of the purchase price easily. From the Suntimes:
<!--quoteo-->QUOTE <!--quotec-->The family of TD Ameritrade founder Joe Ricketts will sell 34 million of its shares in the online brokerage back to the company to help finance the family's bid to buy the Cubs. Ameritrade agreed to pay the Ricketts family $11.85 per share. The transaction will shrink the Ricketts family stake in the company from about 22 percent to about 17.7 percent.<!--QuoteEnd--><!--QuoteEEnd-->
<!--quoteo-->QUOTE <!--quotec-->The family of TD Ameritrade founder Joe Ricketts will sell 34 million of its shares in the online brokerage back to the company to help finance the family's bid to buy the Cubs. Ameritrade agreed to pay the Ricketts family $11.85 per share. The transaction will shrink the Ricketts family stake in the company from about 22 percent to about 17.7 percent.<!--QuoteEnd--><!--QuoteEEnd-->