Key Developments For optionsXpress Holdings, Inc.
optionsXpress Holdings, Inc. (OXPS.O) (Nasdaq)
optionsXpress Holdings, Inc. And The Motley Fool Partner To Reinforce Benefits Of Options Trading Within Your Portfolio
optionsXpress Holdings, Inc. announced that it will partner with The Motley Fool, the well-known multimedia financial services company, as it offers Motley Fool Options service on October 13. The partnership is designed to reinforce the benefits of including options within a well balanced trading portfolio by combining optionsXpress` award-winning platform experience with respected, actionable financial advice for traders through the Motley FoolOptions service.
optionsXpress Holdings, Inc. Introduces IDEAS
optionsXpress Holdings, Inc. announced the introduction of IDEAS, a new feature that allows investors to scan their existing positions to find new trading opportunities.
optionsXpress Holdings, Inc. Introduces NewoptionsXpress Mobile Application
optionsXpress Holdings, Inc. announced that it has introduced the new optionsXpress mobile application. This new feature gives investors an easy, convenient way to monitor their investments and place stock, options and futures orders via their BlackBerry, iPhone and Windows Mobile web-enabled mobile devices.
optionsXpress Holdings, Inc. Authorizes New Share Repurchase Program
optionsXpress Holdings, Inc. announced that its Board of Directors authorized a new share repurchase program in the amount of $20 million, which approximates the annual dividend payout. This additional repurchase program will be in lieu of cash dividends for the remainder of 2009.
optionsXpress Holdings, Inc. Announces Acquisition Of Optionetics
optionsXpress Holdings, Inc. announced that it has signed a definitive agreement to acquire Optionetics, Inc. in an all cash transaction for approximately $20 million, plus additional cash consideration based on future performance. The transaction is expected to close in the next few weeks. Optionetics, based in Redwood City, California and Sydney, Australia, is a provider of investment education services, including live seminars, proprietary software analytics, online and offline educational products and individual coaching to over 40,000 potential investors annually in 12 countries. Optionetics shareholders will receive $20 million of cash consideration plus additional consideration based upon future performance, which, based on the mid-point of the performance targets, would amount to a total of $17.5 million in cash over five years. Mr. Cawood and Mr. Fontanills, along with three other key senior managers have agreed to multi-year employment or consulting agreements.
