Datek Online Holdings has retained Morgan Stanley to find a buyer, reports the New York Post. Datek did not confirm the report which was sparked by a Putnam Lovell analyst Richard Repetto writing that Datek "is testing the acquisition waters." The paper says the broker has received a bid from E*Trade and that TD Waterhouse, Bank of Montreal, Wells Fargo and J.P. Morgan Chase & Co.'s online brokerage unit Brown & Co. are other likely suitors. The price tag is rumored to be between $600 million and $1 billion. 
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