SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 15, 2000
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E*TRADE Group, Inc.
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(Exact name of registrant as specified in charter)
Delaware 1-11921 94-2844166
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
4500 Bohannon Drive, Menlo Park, California 94025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (650) 331-6000
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(Former name or former address, if changed since last report.)
Item 5 OTHER EVENTS
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On June 14, 2000, E*TRADE Group, Inc. ("E*TRADE") entered into an
agreement with VERSUS Technologies Inc. ("VERSUS"), a Canadian based provider
of electronic securities, pursuant to which E*TRADE has agreed to acquire all of
the outstanding ordinary shares of VERSUS in exchange for an aggregate of
approximately $174,000,000 of E*TRADE common stock and VERSUS will become a
wholly owned subsidiary of E*TRADE. The purpose of the acquisition is to build
E*TRADE's infrastructure by adding VERSUS technology resources to establish a
global cross-border trading network for institutional and retail customers
worldwide. The acquisition provides access to the VERSUS retail and
institutional client base as well as The VERSUS Network, a scalable proprietary
electronic trading platform. The acquisition is subject to the satisfaction of
certain conditions and is intended to be accounted for as a pooling of
interests.
On June 15, 2000, the Registrant issued a press release announcing the
agreement to acquire VERSUS Technologies, Inc., a copy of which is filed
herewith as Exhibit 99.1.
Item 7 FINANCIAL STATEMENTS AND EXHIBITS
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(a) Not applicable
(b) Not applicable
(c) Exhibits. The following document is filed as an exhibit to this
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report:
99.1 Press Release, dated June 15, 2000, issued by E*TRADE
Group, Inc. announcing the agreement to acquire VERSUS
Technologies, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
E*TRADE Group, Inc.
(Registrant)
Date: July 17, 2000 By: /s/ Theodore J. Theophilos
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Theodore J. Theophilos
Corporate Secretary
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EXHIBITS INDEX
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Exhibit Description
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99.1 Press Release, dated June 15, 2000, issued by E*TRADE Group, Inc.
announcing the agreement to acquire VERSUS Technologies, Inc.