There are doubts that a takeover bid for Australian online trader, E*Trade, will succeed. The ANZ Bank launched a hostile bid in February 2007. E*Trade rejected the offer after a report by an independent expert. The offer lapses on 18 April. The takeover bid caused E*Trade to suspend its search for a new CEO. In early April, it has instructed an executive search company to seek candidates for the position. Rival online broker, IWL, is considering a takeover offer or an alliance with E*Trade
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