The Charles Schwab Corp./optionsXpress
On March 21, 2011, The Charles Schwab Corporation (NYSE: SCHW) announced that it has entered into an agreement for the acquisition of optionsXpress (Nasdaq: OXPS) for about $1 billion.
Under the terms of the agreement, optionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock.
Closing is expected in Q311.
Schwab estimates the acquisition will be modestly accretive over the first full year of combined operations, including expected revenue and expense synergies totaling approximately $80 million.
Under the terms of the agreement, optionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock.
Closing is expected in Q311.
Schwab estimates the acquisition will be modestly accretive over the first full year of combined operations, including expected revenue and expense synergies totaling approximately $80 million.
